Foreign commercial activities in Russia have surpassed the levels observed prior to the sanctions imposed.
Revised Article:
Wallah, check this out! In 2024, the number of trademark applications from foreign firms smashed the pre-sanctions mark by a whopping 18%. Ain't no stopping the Russian market, dawg, with China and Belarus dominating the scene, along with freshcomers from the UAE. Sounds like a juicy find, courtesy of VTB and the "Online Patent" crew.
These smart cats sifted through five years' worth of documents, counting around 50,000 applications submitted by foreign folk to Rospatent. Last year, that number took a 25% nosedive, but in 2024, it rebounded like a mother, reaching 11,800. Now that's a impressive comeback, eh?
Electronics ruled the roost, gobbling up a tenth of all the applications, while wholesale and retail trade and cosmetics each clocked in at around 8% and 7% respectively. Fashion and pharmaceuticals followed closely behind, each with 6%.
Spartak Solonin, head honcho of VTB's corp gal, had this to say, "The Russian market's open for business, man! It's a goldmine for foreign firms, especially the Asian and CIS countries. They're hustling to fill the void left by old-timers and grow their reach in prosperous sectors. And Russian businesses ain't playing no games either. They're stepping up when it comes to guarding intellectual property, with a 28% surge in trademark regos through VTB's service in Q1 2025 compared to last year."
Aline Akinshina, the big cheese at "Online Patent," chimed in, "Despite the sanctions, foreign biz are still keen on Russia. Some are kickin' things up a notch to snag the abandoned territories. Others are preppin' for a return – registering trademarks so they can get straight back to work in Russia when the time is right."
Now lemme tell ya, things really took off from 2022, with Chinese companies seein' a two-fold increase in trademark appys from 2022 to 2024. Electronics and clothing took the top spots, while machinery, engines, and motors rounded out the top three.
Belarusian businesses weren't far behind, doubling their trademark appys. The sectors that saw the most action were wholesale and retail trade, confectionery and groceries, and cosmetics and dairy products.
Now, for the background: Finding specific data about foreign businesses in Russia from 2022 to 2024 ain't a walk in the park. But with the broader picture in mind, it seems foreign companies have been tendin' to get the hell outta Dodge since 2021, mostly due to economic sanctions and political tensions. The Russian government's been gunning for their assets too, which could affect trademark regos indirectly.
As for the Chinese and Belarusian businesses, we ain't seen any specific data about their trademark appys. But they've been flexin' their trade and energy muscles with Russia, so it's unlikely that their involvement's gonna fade anytime soon.
The sector distribution's a tricky one without precise data, but ya can't deny that technology and manufacturing've been goin' through changes since the foreign companies' departure and nationalization efforts.
All in all, while there's no rock-solid data about foreign trademark regos in Russia from 2022 to 2024, it seems like foreign businesses are keepin' the Russian market on their radar. And ya gotta stay tuned for more updates to get the full picture of this unfoldin' story, ya dig?
The Russian market, despite economic sanctions and political tensions, remains an attractive target for foreign businesses, particularly those from Asia and CIS countries. These businesses are actively seeking opportunities to fill the void left by old-timers and expand their reach in prosperous sectors, such as electronics, wholesale and retail trade, and cosmetics.
In the finance industry, the number of trademark applications from foreign firms rebounded significantly in 2024, reaching 11,800 after a 25% drop the previous year. This surge in interest is supported by Russian businesses, which are increasingly focusing on guarding their intellectual property, as evidenced by a 28% increase in trademark registrations through VTB's service in Q1 2025 compared to the previous year.
