Drugmakers, device companies say sanctions may hinder medical supplies to Russia

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Western drugmakers and medical device companies warn their plans to keep selling products to Russia may be complicated by economic sanctions targeting the country and its major banks in punishment over Moscow\u0027s invasion of Ukraine. Sanctions levied by the United States, Britain, Europe and Canada against R

Under international humanitarian law, everyone has a right to access essential medical services and supplies, including drugs and vaccines, Lawrence Gostin, a public health law expert at Georgetown University said.

The United States in a general license issued last week authorized transactions related to the export or re-exportation of medicine and medical devices with Russia. It has also issued carve outs for energy-related payments and international organizations, among others.The EU supplied Russia with €6.5 billion of pharmaceutical products in 2020, about 8.4 per cent of the region's total exports to Russia, according to Eurostat data. It sent about 1.

Top shipping group A.P. Moller-Maersk on Wednesday warned that shipments to Russia, including medical supplies, risk being damaged or spoiled due to significant delays at ports and customs. Novo Nordisk, the world's largest maker of diabetes medicines, said it would do “all we can to maintain supply in Ukraine and Russia” but it anticipates sanctions will make that more difficult. It has already had issues delivering medicine to Ukraine.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines