On Tuesday, Developers Of Russia’s Sputnik V COVID-19 vaccine said that their vaccine will cost less than $20 per person on international markets. Russia is planning to produce more than a billion doses at home and abroad next year.
The pricing announcement comes as Russia looks to scale up distribution and production. Kirill Dmitriev, head of Russia’s RDIF sovereign wealth fund, said Moscow and its foreign partners had capacity to make more than a billion doses starting from next year, enough to vaccinate over 500 million people.
Dmitriev told Reuters that Moscow had deliberately tried to get the price down to make it available to as many people around the world as possible.
RDIF said in a statement: “Sputnik V will be two or more times cheaper than mRNA vaccines with similar efficacy levels.”
