The CEO of a Moscow-based drug maker said Indian companies are making forays into the local market as Western majors leave Indian pharmaceutical companies have increased their presence in Russia after Western competitors withdrew from the market in the wake of the sanctions against Moscow, Satya Karm Punia, the president of Moscow-based Rus Biopharm Group, said in an interview to RT. India became Russia’s largest supplier of pharmaceuticals last year, filling the recent void left by previously dominant Western firms. “Because of the relationship that [India and Russia share], I am sure the Indian pharmaceutica
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