Oleg Fomenko

Oleg Fomenko is the CEO of Merlion, one of Russia's largest electronics and home appliance distributors. In a recent interview, he noted a significant shift in consumer behavior regarding electronics, predicting a 10-15% decline in demand for electronics in Russia for 2025. Fomenko remarked that the era of continuous growth in the electronics market is over, as consumers have transitioned to a model of gradual upgrades rather than impulsive purchases, a trend not seen in previous crises.