Russia
Europe · Moscow · RUB (Russian Ruble)
Economic Snapshot
Population
143.4 million
Worldometer / UN population estimates · 2024
GDP
$2.10 trillion
World Bank / IMF (current prices) · 2024
GDP per Capita
~$14,600
World Bank (derived) · 2024
Healthcare Economics
Health Expenditure (% GDP)
~5.6% of GDP (government statements cite figures as low as 3.7% using a narrower budget definition)
WHO Global Health Expenditure Database; Russian Ministry of Health (Murashko, 2024) · 2024
Health Spending / Capita
~$1,200 per year
Statista healthcare expenditure estimates · 2024
Public Funding Share
~60–65% (mandatory medical insurance system, OMS)
Russian Ministry of Health · 2024
Country Details
Region
Europe
Capital
Moscow
Currency
RUB (Russian Ruble)
Timezone
UTC+2 to UTC+12 (11 time zones)
Languages
Russian
🚀 Market Opportunities
Russia remains a large population market with meaningful unmet demand for medical technology, but market entry since 2022 is materially more complex due to international sanctions, payment-processing restrictions, and import-substitution procurement preferences favoring domestic and EAEU manufacturers. Entrants should carefully assess current sanctions applicability, banking/payment feasibility, and compliance obligations before pursuing this market; a Russia-based authorized representative and distributor with EAEU registration experience is effectively mandatory.