Russia to supply Egypt with COVID-19 vaccine in expansion push

Covid-19Russia to supply Egypt with COVID-19 vaccine in expansion push

Date:

Russia to supply Egypt with COVID-19 vaccine in expansion push

Moscow: Russia has clinched a deal with Egypt to supply it with 25 million doses of its Sputnik V coronavirus vaccine, as Moscow seeks to take a leading global role in fighting the pandemic.

Russia’s sovereign wealth fund, RDIF, said on Wednesday it had agreed to supply the vaccine doses to Egypt via Pharco, which it described as one of the country’s leading pharmaceutical groups.

“The agreement between RDIF and Pharco will help Egypt obtain an efficient and safe vaccine, Sputnik V, for almost 25% of its population,” RDIF chief executive Kirill Dmitriev said in a statement.

The deal follows earlier agreements with Mexico for 32 million doses, with Brazil for up to 50 million doses, India with 100 million doses, as well as Uzbekistan and Nepal, RDIF said.

Russian regulators licensed the vaccine for domestic use in early August after initial, small-scale human trials. It is currently being tested on 40,000 people in Russia in a trial that launched on Aug. 26.

Separately on Wednesday, the RIA news agency cited Russian consumer safety watchdog Rospotrebnadzor as saying that Russia has completed clinical trials of a second potential COVID-19 vaccine, developed by Siberia’s Vector Institute.

Share post:

Subscribe

Popular

More like this
Related

TMC Alleges Mamata Banerjee Was Stopped from Visiting Baruipur Victim’s Family

The Trinamool Congress (TMC) has claimed that party chief...

Types of Mutual Funds Explained: Equity, Debt, Hybrid and Index Funds

If you've started learning about mutual funds, you've probably...

What Is Compound Interest? Explained Simply (With Examples)

Imagine you have a choice. Would you rather earn interest...