Final hours! Save up to 50% OFF InvestingProCLAIM SALE

UPDATE 1-Putin says equipment a problem in production of Russian COVID-19 vaccines

Published 2020-10-29, 08:58 a/m
AZN
-

(Recasts to focus on production challenges)

MOSCOW, Oct 29 (Reuters) - President Vladimir Putin said on Thursday that Russia was facing challenges scaling up production of its main COVID-19 vaccine due to problems with equipment availability, but hoped to start mass vaccinations by the end of the year.

Russia is currently testing its main experimental vaccine, known as Sputnik V, on 40,000 people in Moscow and outside of the trial has already begun vaccinating frontline workers, but only in small numbers.

Earlier estimates by Russian officials of how many doses Russia could produce this year have been cut back, from 30 million to just over 2 million, with trade and industry minister Denis Manturov recently citing challenges in scaling up production of the vaccine.

"There is one question right now and that's providing for the industrial production (of the vaccine) in the necessary volumes," Putin said, speaking by video link to an investor forum in Russia.

"There are certain problems with this, related to the availability, or lack, of the necessary equipment," he said. "Hard materials, that are needed for the roll-out of mass production."

Moscow aims to produce 300,000 doses of the vaccine this month, Manturov has said, followed by 800,000 in November, and 1.5 million in December, reaching significantly higher volumes in early 2021.

Putin also referenced a rival vaccine, produced by British drugmaker AstraZeneca AZN.L with Oxford University, that uses a chimpanzee adenovirus as a vector, rather than a human adenovirus vector.

"We know that many European countries have already signed contract for deliveries of the vaccine from Britain," Putin said.

"Unfortunately, our colleagues there have seen some setbacks, they are making their vaccine on the basis of the monkey adenovirus," Putin said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.