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Ilyas Umakhanov to assist in formation of "Kubachi silver" brand

20 December 2017 08:25 Posted in:  BUSINESS
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Makhachkala, December 19, 2017. Within a year each member of the Federation Council will have to register one local brand in their regions. This assignment was given to colleagues by the Council Speaker Valentina Matvienko following the meeting of the Council on Intellectual Property. The senator from Dagestan, Ilyas Umakhanov, was instructed to ensure the registration of "Kubachi silver" brand.

"According to expert estimation, the release of products with the registered appellation of origin can bring at least 500 billion rubles to the regions in the next eight years" Valentina Matvienko is quoted saying. Matvienko believes that it is necessary to introduce the concept of "geographical indication" of the origin of goods as an independent object of intellectual property.

The parliamentarians will register local brands. "I will instruct each senator to register one regional brand within a year," Matviyenko said, and noted that the first instruction has already been given to Ilyas Umakhanov.

According to the deputy Speaker Ilyas Umakhanov, for the present time there are only 165 names of the places of origin of goods registered in Russia.


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