iPhone 14 Will Be Available In Russia Despite Apple's Exit From The Country, Says Trade Minister

Zinger Key Points
  • Russia's “parallel imports” scheme authorizes retailers to import products from a third country without the trademark owner’s permission.
  • Russia’s mobile network MTS was already accepting pre-booking requests for iPhone 14 on Thursday.

The newly-launched iPhone 14 and other Apple Inc AAPL products will be available for sale in Russia, even though the U.S. giant had left the country in March over Vladimir Putin's invasion of Ukraine.

“Why not? If consumers want to buy these phones, yes. There will be the opportunity,” Russia’s Trade and Industry Minister Denis Manturov said, while replying to a reporter’s question on Thursday, according to a Reuters report.

See Also: Putin's Threat Proves Futile As EU Pushes Ahead With Russian Gas Price-Cap Plan, Risking Winter Of Discontent

How Would That Be Possible? This is possible because of Putin’s parallel import scheme announced in March, which authorized retailers to import products from abroad without the trademark owner's permission and sell them in Russia.

This explains why many of Apple’s gadgets, including the iPhone, MacBook, and other products, have remained available in Russian stores even after the company stopped selling its products in the country in March. After clearing their remaining stock of old models, the retailers are now trying to get hold of newly released devices through the import scheme.

An email sent to Apple by Benzinga seeking comment didn't elicit any response at the time of publishing this story.

Russia's mobile network MTS was already accepting requests for the pre-booking of the new iPhone 14 models on Thursday morning, according to the publication. The prices start from 84,990 roubles ($1,398) for the 128GB version.

However, the company said the delivery could take up to 120 days, and if it faced difficulties importing the products, it retains the right to cancel orders. 

Price Action: Apple shares were trading 0.3% lower during Thursday's pre-market session at $155.5, as per data from Benzinga Pro.

Read Next: Putin Warns Of Looming Global Food Crisis As He Dubs Ukraine Government 'Illegitimate Regime' Established Through A 'Coup'

Market News and Data brought to you by Benzinga APIs
Posted In: NewsGlobalTechEurasiaiPhone 14MacBookRussia-Ukraine WarVladimir Putin
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!