The Ministry of Industry and Trade of the Russian Federation has prepared new amendments to the list of products that can be imported to Russia through parallel channels, follows from the latest current draft of the ministry dated September 16.
It notes that the Ministry of Industry and Trade is ready to legalize the free import of such brands as Adidas, Airbus, Aston Martin, Disney. Parallel imports will also include Lamborghini, Land Rover, LEGO and Porsche. We are talking about the TN VED code 9503 00 100 9 – toys, games and sports equipment, as well as their parts and accessories.
On September 19, Deputy Prime Minister Denis Manturov, in an interview with Izvestia, expressed the opinion that by the end of 2022, goods worth $20 billion would be imported into Russia through parallel imports. He specified that earlier the authorities estimated free imports at $16-18 billion, based on the volume of -2.5 billion per month.
Prior to that, on September 7, Manturov said that parallel imports to Russia would work until the end of 2023. He did not rule out a further extension of this mechanism in the future.
On May 6, the Ministry of Industry and Trade approved a list of product categories for parallel imports. It was reported that the list is reviewed quarterly.
Parallel imports in the Russian Federation were introduced in connection with the withdrawal of a number of foreign brands from the Russian market amid the geopolitical situation and anti-Russian sanctions.
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