Association European Businesses and Russian Government

Frank Schauff: Frank Schauff The CEO of the Association of European Businesses Recently the Russian government has returned to the discussion on the legalization of parallel imports, according to The Moscow Times. Supporters cite numerous benefits, but for some reason no attention is being paid to the potentially hazardous drawbacks. Dr. Until 2002, when the Russian economy was in its infancy, anyone could import goods from abroad and sell them in the Russian Federation. This new legislation stipulated that only official distributors could import the goods of certain companies with whom the distributor had first signed a corresponding agreement. In 2002, the need arose to regulate the importation business, and the government introduced the so-called national principle of exhaustion of rights. (news.financializer.com). As reported in the news.