Russian e-commerce firm Ozon starts selling goods via parallel imports mechanism By Reuters

by Msnbctv news staff

© Reuters. FILE PHOTO: A girl picks up an order on the pick-up level of the Ozon on-line retailer in Moscow, Russia March 16, 2020. REUTERS/Evgenia Novozhenina/File Picture

MOSCOW (Reuters) – Russian e-commerce agency Ozon mentioned on Thursday it had began promoting items by way of a parallel imports mechanism on its platform, benefiting from laws Russia has introduced in to attempt to restrict the affect of Western sanctions.

Hit by unprecedented sanctions and provide chain points, Russia has legalised so-called parallel imports, which permit retailers to import merchandise from overseas with out the trademark proprietor’s permission.

“Items imported with the assistance of parallel imports can be found on Ozon,” the corporate advised Reuters. “We now have already began promoting in style electronics manufacturers on Ozon, together with smartphones and their elements.”

Ozon mentioned parallel imports gave Russian customers a spread of merchandise however mentioned it was working to stop counterfeit objects showing on its platform, requiring sellers to substantiate the proof of originality of the products they promote.

Ozon mentioned it will not disclose the names of manufacturers.

Russia has included a variety of products from overseas carmakers, know-how corporations and client manufacturers within the parallel imports scheme, aiming at shielding customers from enterprise isolation by the West after common imports slumped as a result of sanctions and logistics disruptions.

Scores of overseas corporations have withdrawn from Russia over Moscow’s actions in Ukraine regardless that they face the prospect of recent legal guidelines being handed in coming weeks permitting Moscow to grab property and impose legal penalties.

Nike (NYSE:) and Cisco (NASDAQ:) have each introduced plans to exit on Thursday. They’ve joined McDonald’s (NYSE:), Renault (EPA:) and others.

Ozon competitor Wildberries in March described the parallel imports scheme as an efficient assist measure, highlighting its significance for small and medium-sized companies and for the import of socially-significant merchandise.

Wildberries, like others within the sector, has continued promoting some items from manufacturers which have suspended operations in Russia.

Electronics retailer Svyaznoy has expanded its vary to promote video games consoles and smartphones from the likes of Apple (NASDAQ:) and Samsung (KS:), the Kommersant day by day reported on Thursday.

Svyaznoy advised Reuters it was not an importer of home equipment and electronics, however replenishes shares accessible inside Russia.

Kommersant cited an business supply as saying that units could possibly be 10-20% costlier than earlier than Russia started what it calls its “particular army operation” in Ukraine.

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