Vladimir Putin: There is a market fight in the vaccine market

Russian President Vladimir Putin spoke about the vaccine market.

In the assembly he held with Russian officers through video convention, Putin stated that the international economic system shrank 3.5 p.c final 12 months, inflicting financial difficulties not seen since World Warfare II.

“WE DID NOT TIGHTEN MACROECONOMIC POLICY FOR THE FIRST TIME”

Stating that Russia didn’t tighten its financial coverage regardless of these difficulties, Putin stated, “For the first time in trendy historical past, we have now not tightened macroeconomic coverage at a time of disaster, because of the strengthening of monetary stability.” stated.

Stating that efficient measures have been taken in opposition to the financial results of the coronavirus epidemic, Putin stated, “This consequence might be seen in the traits of home demand and the gradual discount of the unemployment price.” used the phrase.

VACCINE MARKET EXPLANATION

Whereas referring to the international vaccination processes in opposition to coronavirus, Vladimir Putin said that they observe the conduct of opponents in the vaccine market, and reported that the international vaccine market has a quantity of 100 billion {dollars}.

Stating that the gamers in the market in query primarily provide their vaccines at a low cost, Putin stated, “They promote a small portion of those vaccines at a low cost, on the situation that every part else is purchased solely from this producer. There is a market fight in the vaccine market. Nonetheless, as with fundamental foodstuffs, the vaccine ought to be given precedence to Russian residents.” he stated.

“I HOPE THERE ARE NO SUDDEN MOVEMENTS”

Evaluating the new manufacturing minimize settlement reached by the Group of Petroleum Exporting International locations (OPEC) and the OPEC+ group, which consists of some non-OPEC producer nations, Putin stated:

“I believe that the current selections inside the framework of OPEC+ give us motive to imagine that the return to normalcy in the world economic system will likely be calm and secure. Furthermore, Deputy Prime Minister Aleksandr Novak created favorable situations in the settlement for Russia to partially improve manufacturing. I hope there will likely be no sudden actions at this level.”