Analytics and brochures

In December, in his annual address to the Federal Assembly, Vladimir Putin announced measures to ‘deoffshorize’ the Russian economy. It is beyond doubt that significant public resources will be allocated to ensure that the Russian President’s wishes become reality.

The Russian authorities over recent years have been actively working on reforming antimonopoly legislation. Markets undergoing vibrant growth, the gap being bridged with western regulatory rules, the role of the antimonopoly authority being bolstered – these and much more have been summoned to encourage competition in our country. However, do all initiatives of the authorities as a result justify their initial aims of developing the competitive environment?

The new regulatory system for medical devices in Russia will lead to improvements all around, but industry needs more guidance ay present. So says Vladimir Sokov, a senior partner and head of corporate division at Moscow-based legal firm Pepeliaev Group. In this interview with Ashley Yeo, he describes the new regulatory processes and explains that the market’s flatness at present is more to do with internal government issues than geopolitical unrest.

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