Putin Authorized the government to freeze drug prices when necessary

Russian President Vladimir Putin
Russian President Vladimir Putin authorized the government to freeze drug prices when necessary

Russian President Vladimir Putin signed a law allowing the government to freeze the prices of medicines and medical supplies for a period not exceeding 90 days, if the country faces the risk of spreading infectious diseases or is exposed to emergency situations.

According to the new legislation, the government will have the right to set maximum retail prices for medicines and medical products not included in the must-have list.

The government will be able to activate the law in the event of an epidemic or an emergency, or if an unjustified increase in drug prices is detected by more than 30% within 30 days in several regions of the country.

One of the law’s compilers, Representative Andrei Isayev, confirmed that the adoption of this law is an “exceptional measure” that comes in the context of combating the spread of the Corona virus in Russia.

It should be noted that before the adoption of this law, the legislation in force in Russia did not provide for the regulation of prices for medicinal products by the state.

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