Tag import

Lancome and Yves Saint Laurent Coming Back to Russia

The Ministry of Industry and Trade of the Russian Federation has banned the parallel import of perfumes and cosmetics of the Lancome, Redken, Yves Saint Laurent, Giorgio Armani, and Kerastase brands, as they are ready to resume deliveries to Russia, according to the Ministry’s press service.   “Yes, these brands are included in the exceptions, and,

Russia International | Trading  | 02.11.22

Russia Became Largest Oil Supplier to India

In October, Russia became the largest supplier of oil to India, overtaking the traditional leaders in this indicator, Saudi Arabia and Iraq, as specialists of the industry analytical company Vortexa stated.  “In October, Russia supplied India with 946 thousand barrels of oil per day, which is the highest figure for the month, or 22 per

Russia International | Trading  | 27.10.22

First in History: Italy Became Leader in Russian Goods Import

In July 2022, Italy became the main importer of Russian products among the EU countries. The corresponding calculations based on the data from the national statistical offices of Europe were presented by the RIA Novosti news agency.  It is specified that Italy purchased Russian goods for 3.04 billion euros, overtaking Germany with 2.9 billion euros.

Russia International | Trading  | 25.10.22

EU Countries Increased Russian Goods Imports

Six countries of the EU increased exports of goods to Russia in annual terms this July, while imports of Russian goods were increased by 16 EU states at once, which follows from RIA Novosti calculations based on data from national statistical agencies.  It is noted that some countries have increased their import of goods from

Trading | Business  | 06.05.22

Russia Included Over 50 Car Brands in Parallel Imports List

The list of goods for parallel import to Russia includes products of more than 50 foreign automobile brands, the largest manufacturers of tires and components for the automotive industry, which follows from the order of the Ministry of Industry and Trade published on the official portal of legal information.  In particular, the list includes the

Trading | Business  | 31.03.22

Russia Legalized Parallel Import

The Government of the Russian Federation has approved the legalization of parallel imports, which allows suppliers of imported products to sell them in the Russian Federation without the permission of the trademark owner.  “Another signed document concerns the so-called parallel import. The purpose of this mechanism is to satisfy the demand for goods containing the

Trading | Business  | 18.03.22

Russia’s Antimonopoly Service Considers Parallel Imports Legalization

The head of the Federal Antimonopoly Service (FAS) of Russia, Maksim Shaskolsky, held a meeting with Wildberries CEO, Tatiana Bakalchuk, during which he discussed the issue of legalization of parallel imports in Russia.  “The legalization of parallel imports in the current conditions will contribute to an increase in the number of economic entities importing goods

US Can Halt Russia’s Imports of Smartphones as Sanctions Measures

US officials discuss measures against Russia in case “it invades Ukraine” and consider halting the country’s ability to import smartphones, aircraft and automobile parts, as well as other key materials from other sectors. The officials announced their intentions to consult with major partners in Europe and Asia that may be impacted by these measures.  The

Trading | Business  | 14.12.21

Foreign Trade Balance of Russia Increased by 76% in 2021

Russia’s positive foreign trade balance in January-October 2021 amounted to $149 billion, which is $64.2 billion (75.7 per cent) more than in January-October 2020, according to the information provided by the country’s Federal Customs Service on Monday, December 13, 2021.  Thus, exports from Russia for the ten months of 2021 increased by 42.8 per cent

Russia International | Trading  | 12.10.21

Russia Suspended Chinese Products Import After Serious Violations Were Found

Specialists of the Federal Service for Consumer Rights Protection (Rospotrebnadzor) found banned components in Chinese food products, which caused the decision to suspend the import of these goods.   As specified by the press service of the federal experts’ agency, the import of Chinese freeze-dried noodles, corn chips, corn noodles, eggs with chocolate cream dessert, cookies

Russia International | Trading  | 11.10.21

Indian Tea Producers Dream to Get Back Russian Customers  

The producers of the famous Indian tea in the Darjeeling district expressed their wish to get back Russian buyers, according to the Senior Adviser of the Darjeeling Tea Association Sandeep Mukherjee.   “We would like Russia to become our main customer again, an importer of tea. We would prefer Russia to our domestic market,” Mukherjee stated.

Russia International | Trading  | 11.08.21

Bilateral Trade Between Russia and China Grew by Almost 30%

Trade turnover between Russia and China in January-June 2021 increased by 27.7 per cent compared to the same period last year and amounted to $61.896 billion, RIA Novosti reports citing data provided by the Federal Customs Service (FCS) of Russia.  It is specified that exports from Russia to China increased by 26.6 per cent and