THE WHAT? The Russian government has added a series of brands to its parallel imports list, according to a report published by Reuters.
THE DETAILS Luxury brands Lancôme, Armani and Yves Saint Laurent are among those named on the latest register. The scheme allows Russian firms to purchase products from companies outside Russia.
THE WHY? The parallel imports mechanism provides for the import of goods without the trademark owner’s permission and is a way to get around sanctions imposed by the west, allowing Russian shoppers continued access to foreign brands.
The post Russia adds Lancôme to parallel import scheme appeared first on Global Cosmetics News.
