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New Russian Federal Law No. 44-FZ “On the Contractual System in the Public Procurement Sector” dated 5 April 2013 (the “New Law”) will enter into force on 1 January 2014. This Law is to replace the current Russian Federal Law “On Placing Orders of Goods, Works and Services for State and Municipal Needs” No. 94-FZ (the “Old Law”).
This Alert gives a general overview of the main legal consequences of the implementation of the New Law for medical devices and pharmaceutical businesses in Russia.