Wildberries Warns Anti-Counterfeit Measures May Raise Prices

Marketplace operator Wildberries stated that new measures intended to combat counterfeit goods could displace foreign products, reduce consumer choice, and increase prices. The company argued the issue stems from a lack of competitive domestic goods rather than the marketplaces themselves. Managing partner Semenov provided these comments regarding the regulatory landscape. Managing partner Semenov stated that current attempts to resolve issues through criminal law are an error that harms private business interests. He suggested that civil legislation amendments are needed to ensure marketplaces respond in a unified manner to copyright holders. Affected product categories include children's goods, toys, auto parts, fashion items, and electronic devices. The company is currently providing feedback to regulators and marketplaces regarding these developments. The company warns that these anti-counterfeit measures could lead to higher prices for consumers.