Russia
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Russia: 14th Sanctions Package and Intellectual Property Clause
On June 24, 2024, the European Union adopted its 14th package of sanctions against Russia (Regulation (EU) 2024/1745). The package introduced new obligations for EU companies, including a mandatory clause for intellectual property rights and trade secrets related to common high priority goods and technologies listed in Annex XL. This clause applies to licensing agreements…
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The Current State of Industrial Property Rights Protection in the Russian Federation
Despite geopolitical tensions, Russia still guarantees the protection of Industrial Property (IP) rights for foreign individuals and entities, albeit with some limitations. Restrictions: Compulsory Licenses: The government can grant licenses for the use of patents or other exclusive rights to third parties, compensating the rights holders with royalties. Russian regulations allow for the activation of compulsory…
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