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Deputy of Russian prime-minister upheld draft law providing the exhaustion of trademarks rights as answer to USA sanctions

Arkady Dvorkovich, the deputy of Russian Prime Minister Dmitry Medvedev, gave interview to Russian state channel Russia24. In this interview he has underlined that proposed draft law, providing exhaustion of rights in trademarks owning or controlling by USA companies, enshrines tools for reciprocal actions. But these tools must be used very carefully.

“We should have arsenal for possible reciprocal actions. This draft law provides government with toolkit in order to implement such reciprocal actions if necessary. Certainly we will undertake those measures, which are in our interests. We will not harm ourselves; we will not implement any measures, which could harm our own industry, our competitiveness.” – said Dvorkovich.

The first reading of the law will take place on May 15. The deputy of minister of foreign affairs said the draft law can be considered as soon as possible, “in order to avoid delays”, “the situation requires vigorous efforts,” – he said. The speaker of the Federation Council, Valentina Matvienko, promised that reciprocal measures, provided in draft law, will be “painful and sensitive” for the countries the reciprocal measures are targeted to. According to her words, no any measure would hurt Russians.