Russia's Sputnik V vaccine against COVID-19 will cost governments much lower than that of Pfizer's and Moderna's, the official Twitter handle of the world's first registered vaccine against the pandemic said on Sunday.

"Translating pharma lingo: the announced price of Pfizer of $19.50 and Moderna of $25-$37 per dose actually means their price of $39 and $50-$74 per person. Two doses are required per person for the Pfizer, Sputnik V and Moderna vaccines. The price of Sputnik V will be much lower," said the tweet.