LEGALIZATION OF PARALLEL IMPORT IN THE RUSSIAN FEDERATION

Abstract

In 2022, more than 1,000 foreign companies left the Russian market. In March 2022, the Russian government legalized parallel import. This was a response to the discriminatory policy of Western countries towards the Russian Federation. Such a decision by the Government was due to its desire to support the national entrepreneurs, as well as to preserve the former standard of living of Russian consumers and to maintain the range of items on the domestic market.

While in concept parallel import has a wide range of advantages, in practice there are several issues to which entrepreneurs and consumers must adapt. Adjusting to new realities, this topic requires in-depth analysis and elaboration because parallel import is already an integral part of modern development, not only in the economic sector but also in the sphere of intellectual rights for the means of individualization. The development of a legal framework for parallel import, improving its every month and adjusting the existing legislation to the increasing sanctions pressure, justify the relevance of the chosen topic. The research aims to identify existing problems, explore advantages and disadvantages, and uncover risks and consequences associated with parallel import.