New mechanisms for the development of foreign trade of the Russian Federation (on the case of parallel import)

This article examines the prospects for legalizing the practice of parallel imports as a new mechanism for the development of foreign trade of the Russian Federation in the context of sanctions restrictions. At the moment, the Russian economy is experiencing difficulties in foreign supplies of foreign products due to the introduced trade restrictions. In the framework of this study, parallel imports are analyzed as a new tool that is designed to compensate for a significant part of the losses associated with the shortage of foreign products and create new channels for the supply of goods necessary for the full functioning of the country’s economy and providing for its citizens. Having identified the main advantages and disadvantages of parallel imports, the authors came to the conclusion that due to poor knowledge and little practice of its application, there is a need for promising studies devoted to identifying the optimal forms of government regulation of parallel imports, as well as analyzing the protection of copyright holders and quality control goods when using such a new foreign trade mechanism. In addition, an important direction for further research is to improve the regulatory framework for the use of alternative forms and mechanisms of foreign trade in the space of the Eurasian Economic Union (EAEU).