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Russia hopes fund for vaccines will start operating by year end
ST. PETERSBURG, June 10 (Itar-Tass) - Russia expressed hope that the fund created for the development of vaccines against dangerous diseases will become operational by the end of 2006.
"At the end of the year a new mechanism may start working to fight diseases that are most dangerous," Finance Minister Alexei Kudrin told a press conference as part of the G8 finance ministers’ meeting in St. Petersburg on Saturday.
He said money from the fund would go to pharmaceutical companies that develop vaccines as well as to the poorest nations to help them buy vaccines.
Kudrin stressed that in Africa alone millions of children die from malaria and pneumonia every year.
The minister noted that 1.6 billion people still have no access to electricity. He warned that their number would grow if no urgent measures were taken.