SAWT BEIRUT INTERNATIONAL

| 28 May 2022, Saturday |

Russia seeks India drug imports as pharmacies run short of medicines amid Ukraine war, sanctions

Russian pharmacies are running out of crucial medicines, due to the West’s punishing sanctions.

Prices have risen by up to 20% as consumers hurry to stock up on supplies that are running out.
After sanctions and logistical bottlenecks curtailed imports from Europe and China, Russia is now looking to India for more medical equipment.

The fundamental cause of the current drug shortage is that Russian banks have been cut off from the international banking system as a result of the sanctions, leaving pharmacies in the country unable to pay for deliveries.
There are also logistical issues, since certain shipping companies, including the market leader Maersk, have halted all cargo transports into and out of Russia.

According

    Source:
  • Wions