After several Western sanctions are imposed against Russia due to Ukraine’s invasion, Indian pharmaceutical companies may replace Western manufacturers  in the Russian market, Russian envoy to India Denis Alipov said on Friday. This news comes after reports of Western pharma companies shutting down operations in Russia.

“The withdrawal of many Western companies from the Russian market has emptied the space that could actually be occupied by Indian companies in many industries, especially in pharmaceuticals,” Alipov told Rossiya 24 broadcaster, as That is quoted by Sputnik news agency.

The newly appointed Russian envoy said India is a “world pharmacy” and a major manufacturer of drug copies that according to the report are no worse than the originals.

This comes on the back of the success of India’s Vaccine Friendship initiative last year that helped cement its reputation as the “pharmacy of the world”. Global leaders have praised India’s efforts in ensuring rapid expansion of production and supply of vaccines in the critical phase of the pandemic.

Now, Russia wants to increase economic engagement with non-European countries as Western sanctions have hit the Russian economy in many ways.

Earlier, Alipov had said that Moscow welcomed India’s independent foreign policy amid the Russia-Ukraine conflict.

Commenting on relations with India, Alipov said, “The Prime Minister (Modi) and the Indian leadership complement the state’s consistently independent policy in international affairs. We have said time and again that we welcome India’s independent foreign policy.” and strengthened its role and its influence in the international arena.

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