MOSCOW: Amid the raging war, the United States along with other European nations have imposed baskets of sanctions against the Vladimir Putin led Russian government.
With this, a new report has come into the limelight in which Russia would now allow patented software, chip designs and other intellectual property from any unfriendly nations sanctioned by Vladimir Putin to be pirated.
The sanctioned list currently includes the US, Australia, Great Britain, Iceland, Canada, Monaco, New Zealand, Norway, South Korea, Japan, Ukraine, Switzerland and EU member states.
The move removes any kinds of protections whatsoever for patent holders registered in hostile nations, do business in them or hold their nationality.
As reported first by Washington Post, basically, Russian businesses can copy any intellectual property from companies hailing from the sanctioned list and make money without repercussions of the law. Moreover, these companies won't even be able to seek compensation upon breach or illegal use of their intellectual property.
The sanctioned list currently includes the US, Australia, Great Britain, Iceland, Canada, Monaco, New Zealand, Norway, South Korea, Japan, Ukraine, Switzerland and EU member states.
Earlier, Russia issued a list of unfriendly nations which consists of -the United Kingdom, EU states, United States, Canada, Ukraine, Australia, Norway, Japan, New Zealand, South Korea, Singapore, Switzerland, Iceland, Albania, Montenegro, Monaco, Andorra, Micronesia, San Marino, Taiwan, Liechtenstein and North Macedonia.
The United Kingdom in the list includes the British Virgin Island, Jersey, Gibraltar and Anguilla all are declared unfriendly with Russia. The official list of unfriendly countries with Russia has been shared by TASS News Agency.
Meanwhile, the United States, European Union and other allies on Friday escalated their economic pressure on Russia, moving to strip Moscow of privileged trade and economic treatment among other steps to punish it for its invasion of Ukraine.
Referring to ending normal trade relations, US President Joe Biden said: "Doing it in unison with other nations that make up half of the global economy will be another crushing blow to the Russian economy that's already suffering very badly from our sanctions."
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