News articles on Black Market Activities

Piracy in Russia still high

Although Russian Authorities have lowered piracy rates in 2007, the trade in counterfeit and pirated goods are still a problem. 

From the Moscow Times: 

Fewer Russians now buy pirated computer software and cheap bootleg alcohol, but pirated goods on sale in the country still make several billions of dollars per year for counterfeiters, the Higher School of Economics said in a report Thursday.

As a result of concerted efforts by rights holders and law enforcement agencies, the share of counterfeit products on sale has been cut sharply, the report said.

The Federal Customs Service apprehended 1,500 people trying to bring in counterfeit products in 2007, while over 10 million counterfeit products were seized, the report said. 

Vadim Radayev, the report’s lead researcher, said the government’s efforts to join the World Trade Organization had played a role in making government agencies more proactive in fighting against counterfeiting.

But Radayev estimated that revenues from just pirated software and bootleg alcohol totaled 525 billion rubles ($22.2 billion) over the last five years.

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Date
May 28th, 2008

Author
havocscope

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