The Russian Sovereign Fund (RDIF) has signed an agreement with Egyptian company Pharco to deliver 25 million doses of Sputnik V, its developing vaccine against covid-19 to the land of the pharaohs. 25% of the Egyptian population is expected to get the new substances.
Russia will supply 25 million doses of its coronavirus vaccine to Egypt. This is what the Russian Sovereign Fund (RDIF) announced on Wednesday September 30 in a press release.
According to the institution, these doses will be supplied through the Pharco company, considered one of the main pharmaceutical groups in Egypt. About 25% of the Egyptian population is expected to benefit from this substance, which is waiting to fulfill the necessary conditions for distribution.
Called Sputnik V, the Russian coronavirus vaccine has been touted by President Vladimir Putin as an effective solution to defeat the pandemic. In August, Russian authorities authorized its distribution inside the country after initial small-scale human testing. In recent days, the vaccine entered the last phase of its clinical trials which will confirm its effectiveness on at least 40,000 people.
The new agreement concluded between RDIF and the Pharco company comes in a context of diplomatic and economic rapprochement between the two countries. According to Moscow, other countries neighboring Egypt will benefit from Sputnik V. On August 11, Vladimir Putin said 20 countries have already pre-ordered more than a billion doses.
As a reminder, to date, Egypt has 103,079 cases of covid-19 contamination for 5,914 deaths and 96,094 recoveries.