Pharmaceuticals Imports in Russia

Irina Grishina, Aleksander Ivanovich Belchuk and Leonid Vladimirovich Sabelnikov
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Aleksander Ivanovich Belchuk: Russian Foreign Trade Academy, Moscow, Russia
Leonid Vladimirovich Sabelnikov: Russian Market Research Institute (Vniki), Moscow, Russia

Russian Foreign Economic Journal, 2021, issue 3, 69-76

Abstract: The authors examine the development of the pharmaceutical market in Russia. Due to the high expenditures on health care in the country and an increase in the level of combating diseases, the demand for drugs is growing at a fairly high rate. In this regard, despite the growth in domestic production of drugs, the imports of foreign drugs and substances are also growing. The domestic industry is expanding the production of pharmaceuticals, but lacks raw materials and substances. Serious efforts are being made in Russia to develop pharmaceuticals to combat coronavirus. Russia’s pharmaceutical industry has developed a vaccine that is recognized in many countries. This allows us to hope for the possibility of developing and launching new effective drugs on the market.

Keywords: Russia; pharmaceutical industry; healthcare; pharmaceuticals; new drugs; foreign companies; generics. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2021_03_69-76

DOI: 10.24411/2072-8042-2021-3-69-76

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