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The investment decision also contributes towards the REPowerEU approach, which aims to do away with the European Union’s dependence on Russian gas and oil. The EIB is supporting the initiative by elevating its thoroughly clean Strength lending to unparalleled volumes, with an extra €30 billion fully commited on top of its standard operations. EIB Vice-President Thomas Östros, who's liable for overseeing projects in Austria, claimed: “We're happy to take a position into accelerating the greening of electric power era in Austria.
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