Megadeal ushers in supermarket wars for Russia.

.:thebusinessonline.com:.

Oil made Russia’s oligarchs rich, but as the consumer-spending boom gathers momentum, they are trading in their hardhats for a grocer’s apron.

Russian discount grocery retailer Pyaterochka (a play on the Russian word for five) announced Wednesday its merger with Russian grocery chain Perekriostok (Crossing) to create Russia’s biggest supermarket chain.