MOSCOW, Jan. 10, 2021
MOSCOW, Jan. 10, 2021 /PRNewswire/ -- The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) announces the registration of the Russian Sputnik V vaccine against coronavirus by the National Agency of Pharmaceutical Products of People's Democratic Republic of Algeria.
The vaccine was registered under the emergency use authorization procedure. Sputnik V has been registered under the same procedure earlier in Argentina, Bolivia and Serbia.
Supplies of the vaccine to Algeria will be facilitated by international partners of RDIF in India, China, South Korea and other countries.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said:
"RDIF welcomes the first registration of Sputnik V vaccine in Africa. The supplies of the vaccine to Algeria will help protect the population and support the full recovery of economic activity".
Sputnik V was registered thanks to a number of key advantages:
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF's management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 80 projects with foreign partners totaling more than RUB2 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia's GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn. Further information can be found at www.rdif.ru