Russia's 2022 Parallel Imports to Reach 4% of 2021 Overall Imports
Senin, 15 Agustus 2022 | 22:23 WIB
KONTAN.CO.ID - MOSCOW. Parallel imports to Russia, which Moscow launched in March to circumvent some trading restrictions, will reach US$ 16 billion this year, the minister of industry and trade said on Monday. A figure that accounts for around 4% of 2021 overall imports.
Russia has included a wide range of products from foreign carmakers, technology companies and consumer brands in the parallel imports scheme, aimed at shielding consumers from business isolation by the West after regular imports slumped due to sanctions and logistics disruptions.
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