KEY POINTS
  • Russia said it will make its own shot cheaper than rival vaccines.
  • It aims to produce 1 billion doses in 2021.
  • Russia registered its coronavirus vaccine in August.

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A worker wearing personal protective equipment holds a tray containing unlabeled ampoules of the 'Gam-COVID-Vac' COVID-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF).

Hot on the heels of promising coronavirus vaccine news from the U.K. and U.S., Russia said Tuesday it will make its shot cheaper than its rivals and aims to produce 1 billion doses next year.

"The cost of one dose of the Sputnik V vaccine for international markets will be less than $10," Russia's sovereign wealth fund RDIF said. Russia's coronavirus vaccine requires two doses.

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