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An additional $1 billion in operations is also being prepared to support people affected as the World Bank provides immediate support for recovery and reconstruction from this catastrophe.

According to Bloomberg, central banks warn that higher debt burdens are squeezing homeowners already struggling with inflated food and energy bills.

Cables production will start in 2023 and is expected to be completed by February 2024 at Hellenic Cables’ state-of-the-art submarine cable production facility in Corinth, Greece.

The cost of the expropriation was set at €31 million, an amount that burdens the budget of the Ministry of Finance.