IP in Russia Still Important to US

With the ongoing war in Ukraine making the headlines and sanctions tightening it would appear that the US still feels that IP in Russia is an important asset.

On 5 May the US Treasury issued General Licence 31 allowing certain transactions for Russian IP protection. They include:

• The filing and prosecution of any application to obtain a patent, trademark, copyright, or other form of intellectual property protection;

• The receipt of a patent, trademark, copyright, or other form of intellectual property protection;

• The renewal or maintenance of a patent, trademark, copyright, or other form of intellectual property protection; and

• The filing and prosecution of any opposition or infringement proceeding with respect to a patent, trademark, copyright, or other form.

So despite the current tightening economic restrictions, maintaining an IP position in the Russian Federation is still regarded as important by many.

If you have any questions on the above, please do not hesitate to contact the team at McDaniels Law on 0191 291 4000 or legal@mcdanielslaw.com.