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Hi there,
Yes, your VPC IP ranges are isolated from other accounts so they can overlap with the VPC IP ranges of other accounts. However indeed, as you stated, the IP rages can not overlap in the same account.
This is also the case for separate projects, as the projects are still under the same account.
This is also true for different regions, for example, if you have this IP rage: 10.136.0.0/16 for NYC1, if you try to add the same range for FRA1 it will not work and you will get the following message:
This range/size overlaps with another VPC network in your account.
Learn more about setting IP ranges
default-nyc1 10.136.0.0/16
It will also automatically provide you with an alternative range you could use.
Hope that this helps. Regards, Bobby