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21 Jun, 2022 13:51

Russia adopts new law on foreign goods

It will allow the import of products into the country without the trademark holder’s permission
Russia adopts new law on foreign goods

Russia’s State Duma on Tuesday adopted a law providing for the legalization of parallel imports into the country. The law protects Russian companies that import goods without the permission of the right holder from possible civil, administrative, and criminal liability.

According to the State Duma Committee on Economic Policy, the move will ensure the interests of Russian consumers. It will also contribute to the development of the country's economy amid Western sanctions.

In March, the Russian government authorized retailers to import products from abroad without the trademark owner’s permission. The decision came after many global brands halted sales or stopped exports to Russia due to pressure from their governments to comply with sanctions.

Prime Minister Mikhail Mishustin then clarified that “parallel imports” were needed to ensure that certain goods could continue to be shipped to Russia.

Last month, Russia’s ministry of industry and trade published a list of goods allowed for parallel import into the country.

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