"The second phase of the Russian vaccine trials will be completed on August 3. After that, we will immediately proceed to the third phase, which will be conducted not only in Russia but in a range of foreign countries as well. We await regulators' approval to start using the Russian vaccine already in August or September," Dmitriev told reporters.
"We plan to conduct it [third phase] not only in Russia but in the Middle East and some other countries," RDIF chief added.
According to Kirill Dmitriev, the fund is in talks with Saudi Arabia on conducting in the country the third phase of clinical trials of Russia's Gamaleya Institute-developed vaccine against coronavirus, and also on producing the vaccine there.
"We have a great partnership with Saudi Arabia. In particular, we discuss the possibility to hold the third phase of the clinical trials of the vaccine in Saudi Arabia, Saudi Arabia has bought our [COVID-19] medication Avifavir, and we also discuss the production of the Russian vaccine on the territory of Saudi Arabia," Dmitriev told reporters.
In early June, Dmitriev said that RDIF and Russian conglomerate AFK Sistema were investing funds in the vaccine production.