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Fires reported in Russia's Dagestan amid Ukrainian drone attack

Videos posted to social media purportedly show several fires burning in the city of Makhachkala amid active air raid alerts in the region. Preliminary reports indicate explosions reported in the vicinity of the city's port, located off the Caspian Sea.

About EBRD

The European Bank for Reconstruction and Development is a multilateral bank founded in 1991 with headquarters in London. The EBRD supports economic development across Central and Eastern Europe and has invested over €20 billion in Ukraine since 1993, making it the bank's largest country of operations. Since February 2022, the bank has mobilized emergency financing for infrastructure repairs and reconstruction.

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