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World Coronavirus Dispatch: EU relief package closer to finalisation

Russian elite got trial vaccine in April, UK first to sign up for potential German vaccine, Dubai's biggest bank sees profit slump and other pandemic-related news across the globe

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Scores of members of Russia’s business and political elite were given experimental vaccine against Covid-19 developed by state-run Gamaleya Institute in Moscow as early as April.

Yuvraj Malik New Delhi
EU relief package closer to getting finalised: The four EU governments that have been holding up negotiations over a massive stimulus package, estimated at $856 billion, are ready to agree on a key plank of the deal. Netherlands, Austria, Denmark and Sweden are satisfied with $450 billion of the fund being made available as grants with the rest coming as low-interest loans.

The overall package under discussion is worth about 1.8 trillion euros. More than 1 trillion euros will be distributed in grants from the bloc’s regular budget with another 750 billion euros lined up for the emergency stimulus package.

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First Published: Jul 20 2020 | 3:03 PM IST

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