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Russian President Vladimir Putin met with Government members to discuss the Government’s action plan for ensuring stable socioeconomic development in 2016 on February 10.

Russian President Vladimir Putin met with Government members to discuss the Government’s action plan for ensuring stable socioeconomic development in 2016 on February 10.

Deputy Prime Minister Olga Golodets said: «Last year the Russian pharmaceuticals market was worth 987 billion rubles, of which Russian medicines accounted for 28 percent monetarily, and 58 percent in physical terms of quantity. It was very important to us for the import substitution programme to truly work, and last year, we had 24 percent growth in the pharmaceuticals sector. We fully covered Russia’s needs for flu vaccines, which played an important role this year in terms of limiting the flu epidemic».

She added: «It is very important that our medicines are successfully advancing on the global market as well. In 2015, the total export volume was $600 billion. For certain diseases, Russian pharmaceuticals dominate the niche globally. For example, the yellow fever vaccine, which our producers supply to the World Health Organisation, fully covers global demand».