The outlook for the Russian consumer electronics market has weakened due to a worsening domestic economic environment, rouble depreciation and political uncertainty surrounding the situation in Crimea. We still expect the consumer electronics market to record growth every year in our forecast period to 2018, but there is increased downside. We now expect spending to increase at a compound annual growth rate of 2.9% 2014-2018, to reach a value of US$35.446bn in 2018. Growth will be driven by the growing popularity of digital lifestyle products like smartphones, Smart-TVs, tablets, and hybrids/ultra-thin notebooks. The market should receive an additional medium term boost from Russia's WTO entry, confirmed in August 2012, with import taxes of 5-15% expected to be lowered within three years.