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Sanctions on Russia can have huge impact on medicines: Experts

MN Report 12:36 AM, 4 Mar, 2022
Sanctions on Russia can have huge impact on medicines: Experts

BRUSSELS: In light of the sanctions imposed on Russia and its leading banks in response to Moscow's invasion of Ukraine, Western drugmakers and medical device businesses had expressed concern about continuing to sell their products to the country.

There are no restrictions on the delivery of pharmaceuticals and medical equipment in place because of the sanctions imposed on Russia by the United States, United Kingdom, Europe, and Canada, according to industry trade groups, policy experts and corporate representatives.

In Ukraine, where Russian troops are attempting to gain control of major cities, international humanitarian organisations are working to keep essential medicines flowing, resulting in more than 870,000 Ukrainians fleeing and millions seeking refuge from air attacks. According to business operators, there are already shortages of medical supplies in pharmacies.

A number of Western corporations had stated that they will no longer sell anything in Russia, including vehicles and movies. 

There are no restrictions on the sale of food or medicine due to sanctions imposed by the United States or the European Union (EU).