About a third of the population of the Maldives have had two doses. Just over half have had a single dose. That’s not enough to keep R < 0 even if the vaccine was 100% effective.
Considering they’ve been inundated with Indian tourists and don’t seem to have any social distancing measures in place (gyms, cinemas, mosques etc all fully open until last Friday) what’s happening there isn’t surprising and doesn’t tell us much about how effective the viruses are or aren’t against the Indian variants. They’re also reporting that
nobody who has been vaccinated has died. Which is good news.
To me this isn’t a red flag about vaccines failing against new variants so much as a red flag about opening up too quickly and allowing too much travel into your country without the necessary checks and protections in place.