13.1 C
Delhi
Friday, December 2, 2022

Biden’s Reaction to Unrest in China, Iran, Questioned by Critics

https://ift.tt/vCEcJmH major street protests erupting in Iran...

Protests in China Prompt Chinese Students in US to Speak Out

https://ift.tt/PfeSruX citizens living abroad have been attending...

US Sanctions 3 North Korea Officials After ICBM Test

https://ift.tt/Dbp4Ll7 United States on Thursday imposed sanctions...

Moscow allows parallel import of popular toys

Marvel, Disney Pixar, and DC Comics products can now be imported to Russia without permission from the trademark holders

The Russian Ministry of Industry and Trade announced on Wednesday that products of some of the most popular US brands – Marvel, Disney Pixar, and DC Comics – have been authorized for parallel import. This means they can now be sold in Russia without the trademark owners’ permission, along with other goods on the ministry’s registry, amid the Western sanctions on Moscow.

“The list has been supplemented with brands of automotive spare parts, chemical industry products, toys, and other goods. Thus, it will now be possible to supply products of Marvel, Disney Pixar, DC Comics and other brands through parallel imports,” the ministry said in a statement.

Later on Wednesday, Aleksey Voronkov, the head of the Association of Cinema Owners, clarified that parallel imports do not yet apply to US production companies’ films and cartoons.

ADVERTISEMENT

“The parallel imports registry now primarily covers goods and legally cannot yet apply to the rights on audio-visual content,” he told TASS news agency.

Read more

Usually, the bright Monki store is immersed in darkness. © Alexander Sayganov / SOPA Images / LightRocket via Getty Images
Russia lifts ban on parallel imports

The Trade Ministry’s updated registry now also includes several major alcohol brands, including Jack Daniel’s, Johnnie Walker, and Jagermeister. The ministry noted that permission will only apply to those types of alcohol that are not currently produced in Russia.

The ministry emphasized that a brand can be added to the parallel imports registry only if its owner’s company had left the Russian market, stopped deliveries, or halted production in Russia. If a company returns to Russia, its brands will be removed from the list, the ministry explained.

ADVERTISEMENT

Moscow lifted its ban on parallel imports in late March, just over a month into its military operation in Ukraine, amid harsh Western sanctions and an exodus of major international brands. The mechanism, which has since been extended into 2023, was put in place to ensure the interests of businesses and consumers, encouraging the import of goods which would otherwise be in short supply.

Since March, the Trade Ministry has regularly updated the registry, which now features dozens of categories, from cosmetics to weapons, as well as hundreds of international brands.

In June, Russian President Vladimir Putin signed a law that protects Russian companies importing goods without the right holders’ permission from civil, administrative, and criminal liability.

Parallel imports had previously been prohibited in Russia, punishable by a fine of up to $60,000.

ADVERTISEMENT

https://ift.tt/ADbCORL 03, 2022 at 01:05PM
from RT – Daily news

Support Us

Secured by Paypal

Related Stories

Check out other tags:

Most Popular Articles