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(There will be a random winner selected every week and the winners will be announced on VR NEWS channel and via email.) Home to use $ 2.7 billion fund to purchase Kovid-19 vaccines EU officials say EU is set to use 2.4 billion euros fund to purchase potential vaccines. The move was discussed at a meeting of EU ambassadors on Wednesday. Earlier Germany, France, Italy and the Netherlands said they were intensifying negotiations with pharmaceutical companies to secure access to the currently developing vaccines. Officials said the European Union fund called Emergency Support Instruments will also be used to increase vaccine production capacity in Europe and to offer insurance to pharmaceutical companies. The ESI Fund is run by the European Commission, the executive arm of the European Union, which acts on behalf of the European Union of 27 countries. The European Union competition is stemming from US efforts to secure safe access to developing vaccines. An EU official said that it is necessary to do as America is doing. Even if it means losing money, because many of the vaccines that are developing are unlikely to succeed eventually. The group is ready to take this big financial risk. Otherwise a vaccine may not be of rapid use against coronaviruses. Which has killed more than 385,000 people worldwide.

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