Russia expands list of luxury brands imported without permission 
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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Featured photo : © L’Oréal
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