You are currently viewing Nord Stream 2: Germany promises Ukraine around 200 million euros and EU aid worth billions of euros

Berlin announces further details about the agreement with Washington: Germany is allowed to finish building Nord Stream 2, but undertakes to support Ukraine financially for many years. Especially when building a green energy industry.

As part of an agreement with the USA to settle the dispute over the Nord Stream 2 gas pipeline, Germany is promising Ukraine additional financial aid of around EUR 200 million. Berlin wants to fund bilateral energy projects in Ukraine with around 70 million euros, especially in the field of renewable energies and energy efficiency, as stated in the agreement published on Wednesday.

Berlin and Washington announce agreement in the dispute over Nord Stream 2

Victoria Nuland, the state secretary for political affairs at the US State Department, said that in the agreement Germany had committed itself, among other things, to measures “if Russia should try to use energy as a weapon or commit further aggressive acts against Ukraine”. This includes possible sanctions. It has also been agreed to extend the gas transit agreement through Ukraine, which expires in 2024, for a further ten years. Work is also continuing to reduce Ukraine’s dependence on gas from Russia and the transit income generated from it.

In Berlin it was said that Washington would not impose any further sanctions on Nord Stream 2 in return. If Russia uses energy as a “political weapon”, Germany has undertaken to take its own measures and to work towards sanctions in the energy sector or in other economically relevant areas at EU level.

In addition, the USA and Germany want to set up a fund with a volume of at least one billion US dollars for investments in the energy transition and energy security in Ukraine. Germany will initially pay around 150 million euros into the fund. A precise timeframe for the disbursement of the committed funds was not initially given. The federal government will work “towards increasing commitments in the coming budget years” in favor of the fund.

Nord Stream 2: What is the dispute between the US and Germany really about?Nord Stream 2: What is the dispute between the US and Germany really about?

“Furthermore, Germany will support the EU budget for the period 2021 to 2027 to support projects of common interest in the energy sector with contributions of up to 1.77 billion US dollars,” the statement said. Berlin has also agreed to provide technical support for the connection of the Ukrainian power grid to the European power grid.

Foreign Minister Heiko Maas has welcomed the breakthrough in the settlement of the dispute over the Nord Stream 2 gas pipeline. He was relieved “that we have found a constructive solution with the USA in the matter of Nord Stream 2,” the minister wrote on Twitter on Wednesday:

“We will support Ukraine in building a green energy sector and work to secure gas transit through Ukraine in the next decade.”

The Foreign Office said: “As a transatlantic partner, we are firmly on the side of Ukraine.” The ministry published the “Joint Declaration by the USA and Germany in support of Ukraine, European energy security and our climate goals” on its website. The tone of the document seems confrontational. An alleged “aggression by Russia” is mentioned several times. So it says something like:

“The United States and Germany strongly support the sovereignty of Ukraine, its territorial integrity, independence and the European path it has chosen. We are today again committed to taking action against Russian aggression and Russian destructive activities in Ukraine and beyond.

Together, the United States and Germany are determined to hold Russia accountable for aggression and destructive activities by imposing a cost through sanctions and other instruments. “

Russian Foreign Minister Sergei Lavrov described the threat of further sanctions as unacceptable. This kind of diplomacy is regrettable. The Russian President Vladimir Putin, on the other hand, praised “the consistent commitment of the German side” in the implementation of the exclusively economic project, which aims to strengthen the energy security of Germany and the EU.

more on the subject – Merkel informs Putin about agreement with the USA: “Breakthrough at Nord Stream 2”


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