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How War In Ukraine Is Shifting Central Asia’s Pharma Map

Russia and Ukraine had been key players in the pharma markets of Central Asian and surrounding countries before the launch of the Russian invasion into its neighbor on 24 February. Because of this, both countries are poised to give ground in this growing regional market.

Central Asia
• Source: Shutterstock

In 2020, Russia exported $1bn pharmaceutical products. Kazakhstan was a leading destination with a 17% share, followed by Ukraine (16%), Belarus (12%), Uzbekistan (11%), Kyrgyzstan (4.3%), Azerbaijan (4%), Turkmenistan (4%), Georgia (2.5%), and Armenia (2.5%).

The same year, Ukraine’s pharma exports totalled $237mn. Post-Soviet States accounted for 66% of the total. Uzbekistan topped the list...

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