Inna Demidova, regulatory affairs manager, Russia and CIS, looks at the Russian market in 2015 and the impact of sanctions on prices of medicines.
On 12 September 2014 the second package of EU sanctions was adopted, affecting the Russian economy in particular. Another major world event of 2014 was the sharp fall in oil prices – one of the main financial sources for the Russian economy. The combination of these factors eventually led to the collapse of the RUR on 16-17 December 2014.