The Russian Direct Investment Fund (RDIF): Palestine has become the first country in the Middle East to register Sputnik V vaccine

The Russian Direct Investment Fund (RDIF): Palestine has become the first country in the Middle East to register Sputnik V vaccine

PR Newswire

MOSCOW, Jan. 11, 2021

MOSCOW, Jan. 11, 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 Ministry of Health of the State of Palestine.

The Russian Direct Investment Fund (RDIF) Logo

The vaccine was registered under the emergency use authorization procedure without additional clinical trials in the country. Sputnik V had been registered under the same procedure earlier in Algeria, Argentina, Bolivia and Serbia.

Sputnik V delivery to Palestine is planned for the first quarter of 2021 with the first batch expected to arrive within a month. Supplies of the vaccine will be facilitated by RDIF's international partners in India, China, South Korea and other countries.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said:

"The Sputnik V vaccine's high quality and efficacy are stimulating growing interest from more and more countries. This translates into a wider geography of its registration, delivery and production.  We are happy that on top of Europe, Africa, Asia and Latin America Sputnik V will now also be present in the Middle East. This will allow us to further combine forces for a quicker joint victory over the coronavirus infection by guaranteeing access to an effective and safe vaccine for more countries and their people." 

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

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