The Ministry of Industry and Trade has prepared amendments to the rules for maintaining the register of Russian industrial products. Manufacturers will be required to report on the products manufactured and sold, otherwise records of them will be excluded from the register.
The draft resolution introduces changes to Government Resolution No. 719 of July 17, 2015 ("On confirming the origin of Russian products"). Currently, applicants submit information to the Ministry of Industry and Trade of Russia on the products manufactured and shipped, for which a registry entry has been formed, annually until April 1 through their personal account in the state information system of industry. According to the draft resolution, it is planned to exclude the manufacturer's goods from the register of industrial products if it has not provided the Ministry of Industry and Trade with information on the quantity of products produced and shipped within 90 days. The resolution, if adopted, will come into force on May 1, 2025.
"The Ministry of Industry and Trade's register should serve as a clear guide for customers who analyze market offers," notesGrigory Sizonenko, CEO of JSC IVK."Therefore, it should not contain "dead souls" that will disorient organizations and take time to consider knowingly non-optimal offers."
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