Russian government aims to increase drug exports in coming years

The Russian government plans to create conditions to increase exports of domestic drugs, which will be effected through the provision of support, both direct and indirect, to local drugmakers and other benefits, including tax and customs, reports The Pharma Letter’s local correspondent.

Since 2012, exports of Russian drugs have increased more than threefold, however they still remain low, which has sparked concerns for the Russian government.

For the first nine months of 2017 Russian drug exports out grew by 17% on year-on-year basis to $350.7 million in value terms, a figure significantly lower than initially predicted by the state.