New product labeling rules

RUSSIA / FSU POLITICS - In Brief 03 Dec 2018 by Alex Teddy
On 30 November new product labeling rules were introduced in Russia. Labels will be considered 'a state information system'. Business will be given access to data collated thereby.Prime Minister launched a labeling project run by the Center for the Development of Long Term Technologies (TsRPT) in 2017. It is owned by Alexander Galitsky and Alisher Usmanov. Usmanov is a Russian-Uzbek billionaire. The project has been reconfigured by this announcement last week. It is part of the Digital Economy Project. The state is obsessed with capturing data. Usmanov and Galitsky stand to get a great deal richer through this project. Businesses will be glad because of the market data they will gain through the project. Ultimately the government owns the data. Product labeling and data operations will both be run by the TsRPT. This is partly because its owners have a very cozy relationship with the government.

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