Russia's Putin says his country registered first coronavirus vaccine, USD/RUB is dropping

Yohay Elam FXStreet

Bloomberg is reporting that Russia's President Vladimir Putin has said that his country registered the first coronavirus vaccine. Several weeks ago, other publications suggested that members of the Russian elite received an experimental COVID-19 immunization.

Putin has added that Russia expected to begin mass production of the vaccine developed by the Gamaleya Institute in Moscow, in the near future. The long-serving president added that his daughter was recently vaccinated. Rodrigo Duterte, President of the Philippines, said he is volunteering to take the vaccine.

The Russian rouble is strengthening in response, with USD/RUB falling below 73.

Various academic institutions and pharmaceutical firms are engaging in efforts to develop immunization for the disease that is gripping the world. Moderna, Novavax, the University of Oxford, and many other companies are in the race.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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