Split by European uprising, group is recovering (9)

I believe the answer is:

recouping

'recovering' is the definition.
('recoup' can be a synonym of 'recover')

'split by european uprising group' is the wordplay.
'split by' indicates putting letters inside (inserted letters split the word open).
'european' becomes 'E' (abbreviation e.g. EU).
'uprising' becomes 'coup'.
'group' becomes 'ring' (a ring is a criminal organisation).
'e'+'coup'='ecoup'
'ecoup' put into 'ring' is 'RECOUPING'.

'is' acts as a link.

I've seen this clue in The Telegraph.

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