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Pharmaceuticals Imports in Russia

Author

Listed:
  • Irina Vladimirovna Grishina

    (Russian Foreign Trade Academy; Council For The Study Of Productive Resources; Russian Academy Of National Economy And Public Administration, Moscow, Russia)

  • Aleksander Ivanovich Belchuk

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Leonid Vladimirovich Sabelnikov

    (Russian Market Research Institute (Vniki), Moscow, Russia)

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.

Suggested Citation

  • Irina Vladimirovna Grishina & Aleksander Ivanovich Belchuk & Leonid Vladimirovich Sabelnikov, 2021. "Pharmaceuticals Imports in Russia," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 3, pages 69-76, March.
    • Handle: RePEc:alq:rufejo:rfej_2021_03_69-76
    DOI: 10.24411/2072-8042-2021-3-69-76
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