Many EU Members Face 'Oversupply' Of COVID-19 Vaccines - Council Of EU

MOSCOW (UrduPoint News / Sputnik - 10th December, 2022) A great number of EU member states are experiencing oversupply of COVID-19 vaccines, which were bought under the mechanism of joint purchases, the Council of the European Union said on Friday.

"Ministers exchanged views on COVID-19 vaccine procurement. At the current stage of the pandemic, a significant number of member states are dealing with an oversupply of vaccines, raising multiple budgetary and logistical questions," the Council said following a meeting of EU health ministers.

Ministers agreed that the joint vaccine purchase mechanism was an overall success and helped implement the common strategy, improving public health throughout the EU, the statement said.

They also noted that this decision "saved lives."

"Vaccines work. They prevent countless cases of illness and save millions of lives every year. When EU countries work more together � to boost public confidence or speed up vaccine development � citizens and public health systems will be better off," Czech Health Minister Vlastimil Valek said in a statement.

The Council also held consultations on future adaptation of the existing agreements on vaccines supplies.