The EU’s medicines regulator took a step towards approving Russia’s Sputnik V vaccine on Thursday as member countries increasingly source their own shots developed outside the West.
The European Medicines Agency announced it had started a “rolling review” of Russia’s vaccine.
The aim is to speed up the approval process by allowing researchers to submit real-world findings before final trial data is ready.
Some EU nations have already approved Sputnik V.
Hungary became the first to do so in January, while Slovakia ordered shipments and Czech Prime Minister Andrej Babis said his country was looking to do the same.
The Czech Republic asked China for deliveries of Covid-19 vaccines made by Sinopharm.
Hungary approved that vaccine last month.
While member countries are free to buy vaccines outside the bloc, they are asked to refrain from parallel talks and deals if the EU is negotiating a joint purchase.
Vaccines made by Pfizer-BioNTech, Moderna and AstraZeneca have EU agency approval, but their delivery has been hampered by delays and disputes with makers.
The EU is trailing Britain, the approval and distribution system of which appears to be more effective.
The European Commission said on Thursday that there were no talks under way about buying Sputnik V despite the agency’s review.
The commission’s chief spokesman, Eric Mamer, said the agency was looking at the safety and efficacy of the vaccine.
“There is no other consideration than that,” Mr Mamer said.
Previously, Brussels was wary of Russian and Chinese vaccines, concerned that they could be used as soft power tools.
The President of the European Commission, Ursula Von der Leyen, raised questions about why Moscow was so keen to promote the vaccine in the EU.
"We still wonder why Russia is offering theoretically millions and millions of doses while not sufficiently progressing in vaccinating their own people," Ms von der Leyen said.
Despite scepticism about Moscow’s hasty introduction of the vaccine, which was distributed before its trials were complete, the vaccine appears to be safe and effective.
A study published last month in medical journal The Lancet said Sputnik V was 91 per cent effective.
With a global shortage of vaccines, some experts say approval of those from Russia and China would be a quicker way to increase supply.
Dr Hans Kluge, the World Health Organisation’s regional director for Europe, welcomed the agency's announcement on Sputnik V.
“We desperately need to enlarge our portfolio of vaccines,” Dr Kluge said.
The Russian Direct Investment Fund financed the development of the vaccine.
“Vaccine partnerships should be above politics and co-operation with [the EU agency] is a perfect example, demonstrating that pooling efforts is the only way to end the pandemic,” said the fund's chief executive, Kirill Dmitriev.
“Following approval, we would be able to provide vaccines for 50 million Europeans starting from June."
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Global state-owned investor ranking by size
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1.
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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SWEET%20TOOTH
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3%20Body%20Problem
%3Cp%3E%3Cstrong%3ECreators%3A%3C%2Fstrong%3E%20David%20Benioff%2C%20D%20B%20Weiss%2C%20Alexander%20Woo%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBenedict%20Wong%2C%20Jess%20Hong%2C%20Jovan%20Adepo%2C%20Eiza%20Gonzalez%2C%20John%20Bradley%2C%20Alex%20Sharp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Sri Lanka World Cup squad
Dimuth Karunaratne (c), Lasith Malinga, Angelo Mathews, Thisara Perera, Kusal Perera, Dhananjaya de Silva, Kusal Mendis, Isuru Udana, Milinda Siriwardana, Avishka Fernando, Jeevan Mendis, Lahiru Thirimanne, Jeffrey Vandersay, Nuwan Pradeep, Suranga Lakmal.
Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars
UAE currency: the story behind the money in your pockets
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
List of alleged parties
May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff
May 20, 2020: They attend 'bring your own booze party'
Nov 27, 2020: PM gives speech at leaving party for his staff
Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson
Dec 13, 2020: PM and his wife throw a party
Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters
Dec 15, 2020: PM takes part in a staff quiz
Dec 18, 2020: Downing Street Christmas party
