Strong rebound for Swiss pharmaceutical exports to Russia. According to the customs of the Confederation, in February 2023, over one year, they have increased by 40% since the conflict.
Reminder: medicines are considered humanitarian products and therefore exempt from Western sanctions. Russia is only Switzerland's 23rd largest trading partner. Last year, Swiss exports to Moscow amounted to USD 3.2 billion. The Russian subsidiaries of Roche and Novartis have subsidiaries in the country. The Swiss pharmaceutical industry is its main export sector.