Home Global News Afreximbank in talks with Russia on COVID-19 vaccine supply, manufacturing options

Afreximbank in talks with Russia on COVID-19 vaccine supply, manufacturing options

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ST.PETERSBURG (Sputnik), Jonathan Rosan – African Export-Import Bank (Afreximbank) is interested in the acquisition of Russia’s COVID-19 vaccines, and the bank’s executive VP on the African continent, Amar Kamel, told Sputnik that both sides are Talking about the matter.

“We are now looking very closely at supporting manufacturing within the continent because we know that, every time there is a pandemic, we don’t want to end up in one place, and we have already done two or three different- Identified different companies that can basically start it,” he said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

Kamel noted that Russia is among the potential partners, and the bank has already begun discussions on vaccine supply and manufacturing options.

“We are also discussing with our Russian counterparts whether they can assist, firstly to supply the continent, and to set up manufacturing on the continent”, he said.

© Sputnik / Grigory Sysoev

A view shows packages of the Russian coronavirus vaccine EpivaCorona, developed by the Vector State Research Center of Virology and Biotechnology, at the production unit Vector-Biaalgum in Novosibirsk, Russia

Afriximbank, a multilateral African financial institution under the African Development Bank, has played a major role in Vaccination efforts on the continent. The bank has launched a $3 billion support program to help countries deal with the aftermath of the pandemic and has established a $2 billion facility to provide guarantees to vaccine suppliers for countries that do not complete deals. cannot finance from

This year’s edition of SPIEF is taking place individually from Wednesday to Saturday. Rossiya Segodnya International Information Agency is an official media partner of Russia’s leading forum.

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