US Congress passes draft law for support of energy projects in Eastern Europe to cut its dependence on Russian energy carriers

Source : 112 Ukraine

The bill foresees assignation of 1 billion dollars on these projects; they are supposed to cut its dependence on Russian energy carriers
10:16, 18 December 2019

Open source

The House of Representatives of the U.S. Congress passed the draft law that foresees the assignation of one billion U.S. dollars to support the energy initiatives in Eastern Europe and Eurasia, to cut the region's dependence on Russian oil and gas. Radio Liberty reported that.

The legal changes, approved by the House on December 17 are supposed to be approved by the Senate. Then, it will be handed over to President Trump who is supposed to sign it. 

The U.S. blames Russia for using oil and gas as leverage for pressure on its neighbors within its area of influence - the countries that strongly depend on energy supplies. Many countries in Eastern Europe get most of their energy import directly or indirectly from Russia.

Related: U.S. Congress increases tranche of military aid to Ukraine up to $300 million

Washington has been trying to solve this problem in particular, by assigning one billion dollars on these projects. The money may be used to fund the strategic energy projects in the region, such as LNG terminals, gas pipelines as well as for production of solar and wind energy.

Related: U.S. Congress adopts defense budget with $300 million aid to Ukraine

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more