"The candidate vaccine against Ebola created by a group of young scientists of our institute is undergoing tests for genetic stability," said Oleg Kiselev, director of the Research Institute of Influenza.
The vaccine will be first tested on animals. The clinical tests involving volunteers will be conducted in Africa, Russian news agency Itar-TASS reported. All the stages of trials are due to wrap up in February, Kiselev said.
Last week, researchers from the National Institutes of Allergy and Infectious Diseases (NIAID) in the US reported that the first trial of an experimental Ebola vaccine in an African population has shown it is safe for use.
Researchers in China have also developed a vaccine to combat the spread of deadly Ebola virus and will test the drug on humans.
According to the World Health Organisation (WHO), the death toll from the current Ebola outbreak has reached 7,693 and as many as 19,695 have been infected. Most deaths were reported in the hardest-hit West African countries Liberia, Sierra Leone and Guinea.