Mishustin circumvented sanctions on imports to Russia

Prime Minister Mikhail Mishustin guaranteed the supply of imported goods to Russia
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article from the plot

Sanctions against Russia in general and the Urals in particular

The government has rendered Western sanctions on international trade meaningless. On March 30, Prime Minister Mikhail Mishustin announced that Russia had legalized the supply of imported goods through third countries without the consent of the brand owner. With this decision, the Russian authorities intend to overcome the shortage of the most popular goods of foreign production, experts told URA.RU.

The Russian authorities are preparing a new – the fourth – package of proposals to increase the resilience of the country’s economy, the prime minister said at a meeting of the presidium of the government commission to increase the resilience of the Russian economy under sanctions. It includes measures to support small and medium-sized businesses, large industrial enterprises, a preferential mortgage program at a rate of 12% per annum, decisions to postpone the start of the mandatory phase of labeling dairy products, increase advances for government contractors and legalize parallel imports.

Start of sales of iPhone 12 in re: Store.  Ekaterinburg

Russians will not be left without imported gadgets

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Until now, imported goods could not be legally sold in Russia without the permission of the copyright holder, Mishustin reminded. However, the head of government said he had signed a decree that allowed it. “Such an approach will guarantee the supply of goods to our country, including despite the unfriendly actions of foreign politicians. The purpose of the parallel import mechanism is to meet the demand for goods containing the results of intellectual activity, “said the Prime Minister.

Legalization of parallel imports is a way to circumvent sanctions, explained Mikhail Belyaev, PhD in Economics and Financial Analyst. “The Russian government considers the sanctions illegal and is looking for legal ways to circumvent them. Companies in third countries have the right to officially buy a product and resell it to Russia, it is legal, “said the economist.

Start of sales of Apple IPhoneX in re: Store on Tverskaya, 27. Moscow

Apple is one of the companies that stopped working in the Russian market

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Mishustin instructed the Ministry of Industry and Trade to compile a list of products that can be imported into Russia without regard to bans from rights holders. The URA.RU correspondent could not call the press service of the department to clarify the composition of this list. Mikhail Belyaev believes that the list will include imported goods, full-fledged analogues of which are not yet produced in Russia, and that will give the authorities and business time to establish import substitution.

“It is assumed that the government’s decision is a temporary measure to allow the development of domestic import substitution. Or it will work until the world order changes, “he said.

Clipart.  Magnitogorsk

The purpose of parallel imports is to meet the demand for goods that contain the results of intellectual activity

Photo: Ilya Moskovets © URA.RU.

The government’s actions are aimed at meeting consumer demand in the country, Marcel Salikhov, director of the HSE’s Economic Expertise Center, told URA.RU. “Legalization of parallel imports is beneficial for Russian consumers, because the owners of the brand are actually deprived of the opportunity to impose restrictions through their exclusive distributors. As soon as parallel imports are allowed, any other company can import into Russia and sell the same goods here without the permission of the copyright holder. In conditions when many foreign companies have stopped supplying their products to Russia, the government is fighting the deficit in this way, ”the expert explained.

Parallel imports should not be confused with the so-called “gray” imports, when goods are imported into the country bypassing customs and quality control under the guise of personal items, explained URA.RU head of “Finance and Economics” of the Institute of Modern Development Nikita Maslennikov.

“It is a misconception that the Russian government allegedly allowed smuggling. Parallel imports used to be, foreign companies re-exported to Russia what they could not sell profitably in their own market, but this was usually followed by proceedings with the copyright holder. And now there will be no such proceedings, but only in those product categories that the government will determine, “the expert concluded.

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The government has rendered Western sanctions on international trade meaningless. On March 30, Prime Minister Mikhail Mishustin announced that Russia had legalized the supply of imported goods through third countries without the consent of the brand owner. With this decision, the Russian authorities intend to overcome the shortage of the most popular goods of foreign production, experts told URA.RU. The Russian authorities are preparing a new – the fourth – package of proposals to increase the resilience of the country’s economy, the prime minister said at a meeting of the presidium of the government commission to increase the resilience of the Russian economy under sanctions. It includes measures to support small and medium-sized businesses, large industrial enterprises, a preferential mortgage program at a rate of 12% per annum, decisions to postpone the start of the mandatory phase of labeling dairy products, increase advances for government contractors and legalize parallel imports. Until now, imported goods could not be legally sold in Russia without the permission of the copyright holder, Mishustin reminded. However, the head of government said he had signed a decree that allowed it. “Such an approach will guarantee the supply of goods to our country, including despite the unfriendly actions of foreign politicians. The purpose of the parallel import mechanism is to meet the demand for goods containing the results of intellectual activity, “said the Prime Minister. Legalization of parallel imports is a way to circumvent sanctions, explained Mikhail Belyaev, PhD in Economics and Financial Analyst. “The Russian government considers the sanctions illegal and is looking for legal ways to circumvent them. Companies in third countries have the right to officially buy a product and resell it to Russia, it is legal, “said the economist. Mishustin instructed the Ministry of Industry and Trade to compile a list of products that can be imported into Russia without regard to bans from rights holders. The URA.RU correspondent could not call the press service of the department to clarify the composition of this list. Mikhail Belyaev believes that the list will include imported goods, full-fledged analogues of which are not yet produced in Russia, and that will give the authorities and business time to establish import substitution. “It is assumed that the government’s decision is a temporary measure to allow the development of domestic import substitution. Or it will work until the world order changes, “he said. The government’s actions are aimed at meeting consumer demand in the country, Marcel Salikhov, director of the HSE’s Economic Expertise Center, told URA.RU. “Legalization of parallel imports is beneficial for Russian consumers, because the owners of the brand are actually deprived of the opportunity to impose restrictions through their exclusive distributors. As soon as parallel imports are allowed, any other company can import into Russia and sell the same goods here without the permission of the copyright holder. In conditions when many foreign companies have stopped supplying their products to Russia, the government is fighting the deficit in this way, ”the expert explained. Parallel imports should not be confused with the so-called “gray” imports, when goods are imported into the country bypassing customs and quality control under the guise of personal items, explained URA.RU head of “Finance and Economics” of the Institute of Modern Development Nikita Maslennikov. “It is a misconception that the Russian government allegedly allowed smuggling. Parallel imports used to be, foreign companies re-exported to Russia what they could not sell profitably in their own market, but this was usually followed by proceedings with the copyright holder. And now there will be no such proceedings, but only in those product categories that the government will determine, “the expert concluded.

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