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Merkel and Putin 'satisfied' as pipeline deal with US agreed – Germany to fork out $1BN

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The Chancellor discussed the project with the Russian President today, as the publication of a joint agreement between Germany and the United States was expected. A statement released by the Russian government read: “The leaders are satisfied with the approaching completion of the Nord Stream 2 gas pipeline.

“The Russian president noted the consistent commitment of the German side to the implementation of this project, which is exclusively commercial in nature and aimed at strengthening the energy security of Germany and the European Union.”

As part of the deal Germany has promised a $1billion energy fund for the Ukraine deal, the US said.

America has long opposed the pipeline, which will allow Russia to export gas to Germany and potentially cut off other nations.

However, the Biden administration has chosen not to try to kill it entirely with sanctions.

This evening the Washington Post reported that the US and German governments had reached an agreement on the project, ending a longstanding dispute between the two allies.

Under the deal, Germany agreed to invest in Ukraine’s green technology infrastructure and the US will end its effort to block the pipeline, the Post said.

Germany promised a $1 billion energy fund for Ukraine under the deal. 

Ukrainian President Volodymyr Zelenskiy said he was looking forward to “frank and vibrant” discussion with his US counterpart President Joe Biden on threats from the Nord Stream 2 pipeline.

The White House said the two leaders would meet in Washington next month to discuss energy issues and threats posed by Russia to the eastern European country’s sovereignty.

Heiko Mass, Germany’s foreign minister, said he was relieved at the signing of the deal with the US.

He tweeted: “I am relieved that we have found a constructive solution regarding Nord Stream 2 with the United States.

“We will help Ukraine build up a green energy sector and push to secure gas transit through Ukraine in the coming decade.”

More to follow…



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