The Expert Council of the Industrial Development Fund (IDF) has approved the first loan under the Drug Labeling program. The loan was provided to Polysan Scientific & Technological Pharmaceutical Company from St. Petersburg.
Prime Minister of the Russian Federation signed the Order No. 791-r of April 28, 2018, which approved the operation model for the system of labeling products by means of identification in the Russian Federation.
Industrial Development Fund (IDF) launched a new preferential lending program for the purchase of drug labeling equipment. The key feature of the program is that the company is not required to co-finance the project.
Kazakhstan plans to apply a 2D barcode on secondary packaging of drugs to track the movement of products, starting from their importation to Kazakhstan and up to the sale in pharmacies or delivering in medical institutions.
SEA Vision, which has over 20 customers in Russia and has installed over 800 full track and trace systems globally, is expanding its presence in Russia to offer local sales and technical support for its clients.
The unified goods traceability system in the EAEU will provide consumers with access to reliable information about products, allow businesses to reduce their transaction costs, let member states to monitor the payment of taxes.
In 2017, more than 8 million packages of medicines were labeled in Russia to protect consumers from using substandard products. This was announced by Mikhail Mishustin, the head of the Russian Federal Tax Service.