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Russia approves 'parallel imports' after top brands halt sales

Apr, 05, 2023 Hi-network.com

Russia has approved "parallel imports," authorising the import of products without the trademark owners' permission, after top brands stopped or suspended sales in the country.

Russia's Prime Minister, Mikhail Mishustin, clarified that "the purpose of embracing grey market goods is to satisfy Russian demand for brands that cannot be sold in the country without permission of the rights holder." According to Mishustin, the Ministry of Industry and Trade will decide which goods can be imported into Russia in this manner. It is currently unknown whether the rules will apply to the software.

Source: Reuters

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