On the Development of the Pharmaceutical Market of the Russian Federation Under the Conditions of Sanctions

Ovod, A.I.

doi:10.26140/anie-2020-0901-0061

Cited by 5 publications

(2 citation statements)

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“…Россия традиционно является чистым импортером на мировом фармацевтическом рынке: в 2020 г. соотношение импорта к экспорту в товарообороте составило 92% к 8% соответственно. При этом на внутреннем рынке доля продаж импортных лекарств составляет 70% [4].…”

Section: торговые отношения венгрии с россиейunclassified

International trade between Hungary and Russia within the development of the pharmaceutical industry

Asmyatullin

Aydrus

Nagy

2022

International Trade and Trade Policy

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The global pharmaceutical market is one of the most innovative and dynamically developing sectors of the global economy. In addition, this industry can be considered highly profitable. Its role has especially increased in the context during the coronavirus pandemic. This article examines trade relations between Russia and Hungary in the pharmaceutical sector. For the Hungarian economy, the pharmaceutical industry is one of the traditional and most innovative sectors of the economy: about 86% of the manufactured products are exported. Hungary is among the top 20 largest exporting and importing countries of pharmaceutical products. The main partners of Hungary are the EU countries. Russia remains an important partner of Hungary in the export of pharmaceutical products, however, it we should note the downward trend of the Russian share in Hungarian exports, due to the sanctions policy on the part of the EU. After the imposition of sanctions in 2014, the growth rate of the Russian pharmaceutical market slowed down, which also negatively affected the volume of trade cooperation with European partners. Russia has traditionally been a major importer in the global pharmaceutical market. An important problem is the reduction of drug import dependence and the expansion of exports. For Russia, this will be possible thanks to the development of unique innovative products. Hungary is an attractive country for the development and expansion of Russia's trade relations in the global pharmaceutical market. For both countries, the pharmaceutical industry is strategically important. The situation with the coronavirus pandemic has shown that political differences can be leveled. Hungary became the first European country to conclude a contract with Russia for the supply of Sputnik V coronavirus vaccine. Thus, there is a high economic potential to make up for the lost pharmaceutical relationship between the two countries.

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Section: торговые отношения венгрии с россиейunclassified

International trade between Hungary and Russia within the development of the pharmaceutical industry

Asmyatullin

Aydrus

Nagy

2022

International Trade and Trade Policy

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“…org/10.15405/epsbs.2022.03.77 Corresponding Author: Victoria V. Pasechko Selection and peer-review under responsibility of the Organizing Committee of the conference eISSN: 2357-1330 641 contradictions and sanctions of the EU countries against Russia. This was a detailed blow to drug supply since it was the countries of Europe that for many years were the largest importers of drugs in the Russian Federation (Ovod, 2020). As a result, in the period 2015-2016, the availability and level of provision of the country's population with the necessary pharmaceutical products, including essential medicines, significantly decreased, which also inevitably contributed to the increase in prices in the pharmaceutical market (Ovod, 2021).…”

Section: Problem Statementmentioning

confidence: 99%

Economic Factors Of Russian Pharmaceutical Market Development

Komissinskaya¹

2022

European Proceedings of Social and Behavioural Sciences

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The development of the domestic pharmaceutical market and the building up its internal potential today is one of the most important socio-economic tasks. One of the key problems of the Russian pharmaceutical market at the present stage is its total import dependence, which has been persisting for many years. The domestic pharmaceutical industry has a low production potential due to the lack of investment in the industry due to its low attractiveness. This circumstance creates conditions under which the country's selfsufficiency in essential drugs in conditions of international isolation is impossible. During the study, the assessment of economic factors in the development of the pharmaceutical market in Russia as one of the largest and most significant in the country's economic system was implemented based on an analysis of trends in changes in the leading indicators of its development physical and value terms. It has been established that a qualitative expansion of the pharmaceutical market in the Russian Federation has not occurred in the last two years, and the nominal growth of its value is associated with a depreciation of the national currency and an increase in average prices for pharmaceutical products. As a key economic factor determining the development of the pharmaceutical market, it is worth highlighting the incomes of the population, which in recent years have tended to decline against the background of an increase in the level of poverty in the country.

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Hungary in the Global Pharmaceutical Market: Cooperation Trends with Russia

Asmyatullin

Aydrus

2023

Lecture Notes in Networks and Systems

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On the Development of the Pharmaceutical Market of the Russian Federation Under the Conditions of Sanctions

Cited by 5 publications

References 0 publications

International trade between Hungary and Russia within the development of the pharmaceutical industry

International trade between Hungary and Russia within the development of the pharmaceutical industry

Economic Factors Of Russian Pharmaceutical Market Development

Hungary in the Global Pharmaceutical Market: Cooperation Trends with Russia

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