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Iran's pharmaceutical sector keeps up under U.S.-led sanctions

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Iran's pharmaceutical sector keeps up under U.S.-led sanctions

2024-07-01 14:33 Last Updated At:20:17

Although the health sector in Iran faces many challenges as U.S.-led sanctions continue to cripple the system, the restrictions are also forcing Iran's pharmaceutical industry to seek self-sufficiency.

Given common shortages of essential supplies, most drugs are produced locally, helping the sector now valued at four billion U.S. dollars to expand.

Most medical supplies are not technically included in the U.S.-led sanctions regime on Iran.

But with many international banks avoiding financial transactions with the Islamic Republic, the health sector suffers frequent shocks.

Among them, rising costs due to inflation, in turn slows down development in the critical sector.

"Due to the sanctions, certainly we face problems in terms of both distributing and producing medicine. Iranian companies are currently buying low-grade raw materials and, unfortunately, that has a negative impact on this industry," said Javad Sheikhahmadi, a pharmacist.

Faramarz Ekhteraei founded the Active Pharmaceutical Ingredient syndicate in Iran more than three decades ago.

The chemical engineer is the mastermind behind Iran's program to fully produce medicine locally.

"In the pharmaceutical (sector), the sanctions are not as hard as other sectors. So generally we have no serious problem. Yes we have the shortage, but you know for the medicine, all part of the world has the shortage. And sometimes here the shortage is for something 20 to 30 items. It is really normal," he said.

Despite the frequent turbulence, Iran's health sector may have benefited from the sanctions after all. They've pushed the country closer to self-sufficiency. Iranian officials said the country now produces more than two-thirds of the molecules it needs to make medicine and 98 percent of finished medical products are produced domestically.

The list of drugs produced locally includes highly complex compounds for heart disease and even cancer treatments.

But the Iranian health sector faces another challenge -- avoiding brain drain.

A Tehran based migration research center says only 15 percent of doctors it surveyed are determined to stay in Iran, while 40 percent want to leave.

"Certainly I've thought about migrating, but I love my country and I deeply want to be here. I tolerate the situation. We hope change will come, and our country will flourish so that we can face every challenge," said Sheikhahmadi.

Iran's pharmaceutical sector keeps up under U.S.-led sanctions

Iran's pharmaceutical sector keeps up under U.S.-led sanctions

Iran's pharmaceutical sector keeps up under U.S.-led sanctions

Iran's pharmaceutical sector keeps up under U.S.-led sanctions

Iran's pharmaceutical sector keeps up under U.S.-led sanctions

Iran's pharmaceutical sector keeps up under U.S.-led sanctions

Russia said that it had destroyed and damaged multiple Ukrainian warplanes over the past 24 hours, while Ukraine said that it had engaged in 136 battles with Russian forces at the front.

The Russian Ministry of Defense said on Tuesday that the Russian army conducted cluster strikes on Ukrainian military airports with high-precision weapons, destroying five Su-27 fighters and damaging two others in the past 24 hours.

Russian air defense forces shot down several Ukrainian cruise missiles, guided bombs, rockets and 81 drones, as well as a MiG-29 fighter and a Su-27 fighter, according to the minitry.

Also on Tuesday, the General Staff of the Ukrainian Armed Forces said that Ukrainian army engaged in 136 battles with Russian forces over the past 24 hours.

The Russian army launched six attacks in the direction of Kharkov. The fighting in Volchansk was still going on as of Tuesday evening, but the overall situation was under control.

Battles in the direction of Pokrovsk was the most intense. The Russian army launched 43 attacks on the Ukrainian defense line in this region as of the evening of Tuesday, while the Ukrainian army repelled 31 Russian attacks.

Hungarian Prime Minister Viktor Orban on Tuesday visited Ukraine, which was his first visit to Ukraine since the escalation of the Russia-Ukraine conflict.

Ukrainian President Volodymyr Zelensky and Orban held talks on cooperation in the fields of infrastructure and energy, as well as bilateral trade, while exchanging views on achieving future peace. Orban said that Hungary is willing to provide Ukraine with all possible assistance within its capacity during its term as the rotating presidency of EU and suggested that Ukraine reconsider its decisions and accept a temporary ceasefire to advance peace talks with Russia.

Russia claims to destroy Ukrainian warplanes, while Ukraine reports intensive battles

Russia claims to destroy Ukrainian warplanes, while Ukraine reports intensive battles

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