U.S. to pledge USD 1 billion to boost energy project in Eastern Europe – Pompeo

U.S. Secretary of State Mike Pompeo on Saturday said Washington pledged “up to USD 1 billion” to boost energy projects in Eastern Europe as part of efforts to reduce reliance on Russian natural gas, informed LETA/AFP.

“The United States — through our International Development Finance Corporation, and with the support of the US Congress — intends to provide up to USD 1 bn in financing to the Central and Eastern European countries of the Three Seas Initiative,” Pompeo told the Munich Security Conference.

“Our aim is to galvanize private sector investment in their energy sectors.”

The Three Seas initiative countries are made up of 12 EU member states betweem the Baltic Sea, Adriatic Sea and Black Sea – Austria, Bulgaria, the Czech Republic, Croatia, Estonia, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia and Hungary.

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