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The Russian Ministry of Industry said Monday that it was expanding its list of brands that can be imported without permission. The list includes companies such as Ikea and toy maker Hasbro, as well as luxury brands Giorgio Armani, Yves Saint Laurent and Lancôme.
With the system of parallel imports, Russia has nullified the boycott intentions expressed by brands after the invasion of Ukraine. And over time, it is even expanding its network. On Monday, the Russian Ministry of Industry said that Russia is allowing more brands imported without their owners’ permission to enter the country.
Last year, Moscow introduced this system of parallel imports to help Russian consumers continue to have access to foreign products, despite the harsh sanctions imposed by the West following the conflict in Ukraine. This mechanism allows Russian companies to purchase goods from any company outside of Russia, provided they were purchased legally.
The Ministry of Industry and Trade’s expanded list includes fashion and luxury brands, such as Giorgio Armani, Yves Saint Laurent, and now Lancôme, as well as other industries, such as car manufacturers and technology companies.
An efficient system
The parallel import mechanism began operating in Russia in early May 2022. It involves the use of the international principle of exhaustion of copyrights and allows Russia to import goods without the consent of the owner of these rights, as soon as sales have begun in any country of the world. This mechanism applies to groups of products and brands included in the list approved by the Russian Ministry of Industry and Trade.
“The daily Izvestia has the correct list and is currently registering it with the Ministry of Justice”, the ministry said in a statement.
Russia’s Federal Customs Service released data showing that the volume of parallel imports of goods to Russia since the mechanism was launched in mid-May and until mid-December 2022 amounted to more than US$20 billion. The ministry said it was working to refine the scheme from including brand names to including rights holders, which it said would simplify the administrative process.
With Russia ignoring boycotts and sanctions, the question is to what extent producers will turn a blind eye to the fact that their products are going to Russia anyway.
Read also >Nepal and Pakistan: the reasons for the ban on luxury goods imports
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The Russian Ministry of Industry said Monday that it was expanding its list of brands that can be imported without permission. The list includes companies such as Ikea and toy maker Hasbro, as well as luxury brands Giorgio Armani, Yves Saint Laurent and Lancôme.
With the system of parallel imports, Russia has nullified the boycott intentions expressed by brands after the invasion of Ukraine. And over time, it is even expanding its network. On Monday, the Russian Ministry of Industry said that Russia is allowing more brands imported without their owners’ permission to enter the country.
Last year, Moscow introduced this system of parallel imports to help Russian consumers continue to have access to foreign products, despite the harsh sanctions imposed by the West following the conflict in Ukraine. This mechanism allows Russian companies to purchase goods from any company outside of Russia, provided they were purchased legally.
The Ministry of Industry and Trade’s expanded list includes fashion and luxury brands, such as Giorgio Armani, Yves Saint Laurent, and now Lancôme, as well as other industries, such as car manufacturers and technology companies.
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The Russian Ministry of Industry said Monday that it was expanding its list of brands that can be imported without permission. The list includes companies such as Ikea and toy maker Hasbro, as well as luxury brands Giorgio Armani, Yves Saint Laurent and Lancôme.
With the system of parallel imports, Russia has nullified the boycott intentions expressed by brands after the invasion of Ukraine. And over time, it is even expanding its network. On Monday, the Russian Ministry of Industry said that Russia is allowing more brands imported without their owners’ permission to enter the country.
Last year, Moscow introduced this system of parallel imports to help Russian consumers continue to have access to foreign products, despite the harsh sanctions imposed by the West following the conflict in Ukraine. This mechanism allows Russian companies to purchase goods from any company outside of Russia, provided they were purchased legally.
The Ministry of Industry and Trade’s expanded list includes fashion and luxury brands, such as Giorgio Armani, Yves Saint Laurent, and now Lancôme, as well as other industries, such as car manufacturers and technology companies.
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