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The expenditure also contributes to the REPowerEU strategy, which aims to remove the ecu Union’s dependence on Russian gasoline and oil. The EIB is supporting the initiative by raising its cleanse energy lending to unprecedented volumes, with an extra €30 billion dedicated on top of its typical operations. EIB Vice-President Thomas Östros, that's chargeable for overseeing projects in Austria, reported: “We have been proud to invest into accelerating the greening of energy era in Austria.
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