Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Brazil's Bolsonaro speaks to Russia's Putin about Sputnik vaccine

Published 04/06/2021, 03:54 PM
Updated 04/06/2021, 03:55 PM
© Reuters. FILE PHOTO: Bottles of Russia's "Sputnik-V" COVID-19 vaccine

By Lisandra Paraguassu

BRASILIA (Reuters) - Brazil's President Jair Bolsonaro spoke with Russian President Vladimir Putin by telephone on Tuesday about buying and domestically manufacturing the Sputnik V COVID-19 vaccine, Bolsonaro's office said.

Brazil is racing to secure more vaccine supplies as a new wave of COVID-19 pushes the number of deaths to the highest point since the pandemic began. Brazil has the second-deadliest outbreak after the United States, and with its hospital system overloaded, could soon surpass it.

Brazilian health regulator Anvisa has yet to approve Russia's Sputnik vaccine. It suspended a ruling on the emergency use of the immunization last month, citing incomplete and missing paperwork.

Anvisa is under pressure to speed up approvals as 11 state governments have already requested to import 66.6 million doses of the vaccine, according to the agency, even though they cannot yet be administered.

The federal Health Ministry plans to buy 10 million doses of Sputnik that will be produced domestically by local firm Uniao Quimica.

Brazil is negotiating to send a team to inspect Sputnik production facilities in Russia as a step toward manufacturing the vaccine domestically, Anvisa President Antonio Barra Torres said on Tuesday.

"We hope in the case of approval that it will be produced in Brazil," Bolsonaro said in a video posted to social media. "God willing, we will soon resolve this issue."

Bolsonaro has opposed strict lockdowns, often appears in public without a mask and has expressed skepticism of vaccines. Experts say the lack of aggressive government measures to contain the virus is contributing to the surge in cases.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

On the call with Putin, Bolsonaro emphasized that it was necessary for Russia to open up to imports from more Brazilian meatpacking plants, the presidential office's statement said. The two leaders also discussed trade, defense cooperation, science and technology.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.