U.S. and Germany Said to Seek Deal on Russia Pipeline
- Ideas include investment to help Ukraine build power plants
- Biden administration took office with pipeline about 90% built
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The U.S. and Germany want to conclude a deal by August to blunt Moscow’s geopolitical gains once the controversial Nord Stream 2 gas pipeline is finished, with the two sides exploring ways to shore up Ukraine’s energy sector and deter Russian aggression through the threat of sanctions.
The agreement, which some officials hope to have ready for Chancellor Angela Merkel’s visit to Washington next month, could see the countries commit to bolstering Ukrainian infrastructure and compensating it for transit fees that will be lost because the pipeline bypasses the country. Germany may also commit to supporting the “Three Seas” plan to boost Eastern European cooperation on energy and transportation.