Geography

Russia

 

Location: Europe/Asia
Status: UN Country
Capital: Moscow
Major cities: St. Petersburg, Yekaterinburg, Vladivostok, Nizhny Novgorod
Population: 149,476,000 people
Area: 17,075,000 km2
Currency: 1 ruble
Languages: Russian

Sales of drugs in the Russian Federation during the period from July 2010 to June 2011 increased by 11.2% as compared to the same period of 2010 and reached 8 billion Euros in wholesale prices.

The System of Registration of Medical Products is a multi-step and time-consuming process involving various competent authorities and expert agencies.

Registration time constraints depend on the type of product and range from 6 months to 2-3 years (taking into account the time for conducting clinical trials).