New Delhi has refused to bend to the whims of Biden administration and it's allies to break trade links with Moscow thus far. If the same approach were to be continued, India could take advantage of Western Big Pharma cutting ties with Russia.
According to Moscow's envoy, Indian pharma enterprises may soon discover new commercial prospects in Russia as a number of European and US businesses stop activities in the nation over its military operation in Ukraine.
Ambassador Denis Alipov, talking to the Rossiya 24 station on Friday, said that India is a top producer of generic medications that are equivalent to well-known brands, dubbing the country a "world pharmacy."
“The withdrawal of many Western companies from the Russian market and those niches that have been vacated may actually be occupied by Indian companies in many industries, in particular, in pharmaceuticals,” he told the broadcaster, adding that India “has long and actively been present in the Russian ma...