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European Investment Bank allocates 1.6 billion euros to Ukraine.

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The financial assistance will be allocated to critical infrastructure and projects aimed at solving the urgent needs of the population, European Pravda reported on July 25. Over 1 billion euros will be immediately provided to repair damaged infrastructure and help the energy sector.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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With Russia continuing to wage an unprecedented campaign against Ukrainian businesses, Ukraine’s Economy Ministry has downgraded its forecast for the country’s economic growth this year from 1.3% to 0.5%, as Moscow targets key industries such as steel production, e-commerce, and ports.

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"The threat posed by Russia and possible provocations against NATO must be taken seriously, and that is precisely what the allies are doing," Estonia's Foreign Minister Margus Tsahkna told the Kyiv Independent. "We must remain vigilant, but Estonia's threat assessment has not changed."

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