Tai Adelaja, staff writer for the Moscow Times reports that the Russian Cabinet approved a proposal on Tuesday by the Economic Development and Trade Ministry to eliminate the link between registration of brands and Internet domain names, making it easier for companies in Russia to defend themselves against cybersquatters.
Under the amendment, in Part 4 of the Civil Code, the registration of trademarks cannot be refused on the grounds that an identical domain name already exists. The amendment does not, however, actually prevent cybersquatting, the widespread practice of registering domain names to sell them on at a profit.
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Source: Moscow Times Article by Tai Adelaja - May 6th, 2008