Germany, US strike Nord Stream 2 compromise deal | DW News

DW News published this video item, entitled “Germany, US strike Nord Stream 2 compromise deal | DW News” – below is their description.

The US and Germany have struck a compromise over the controversial Nord Stream 2 gas pipeline, according to a joint statement.

The pact comes days after Chancellor Angela Merkel’s last official visit to Washington prior to leaving office this September. Officials had talked up the chances of an accord during the visit, and during Joe Biden’s tour of Europe in June.

The two countries agreed to support Ukraine and to sanction Russia if it tries to use energy supplies for gaining geopolitical leverage.

“The United States and Germany are united in their determination to hold Russia to account for its aggression and malign activities by imposing costs via sanctions and other tools,” the statement read.

“Should Russia attempt to use energy as a weapon or commit further aggressive acts against Ukraine, Germany will take action at the national level and press for effective measures at the European level, including sanctions, to limit Russian export capabilities to Europe in the energy sector, including gas, and/or in other economically relevant sectors,” it said.

As part of the deal, Germany agreed to make investments into Ukraine and to actively ensure Moscow and Kyiv extend a gas transit agreement.

Additionally, Germany and the US would invest $1 billion (€0.85 billion) in a “Green Fund” to foster Ukrainian green-tech infrastructure, encompassing renewable energy and related industries, with the goal of improving Ukraine’s energy independence.

DW News YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - DW News

DW News is a global English-language news and information channel from German public international broadcaster Deutsche Welle, established in summer 2015.

Recent from DW News:

  • How Artificial Intelligence is being used in job interviews in China | DW News
  • Afghan journalist Lailuma Sadid continues her fight for women in Afghanistan from abroad | DW News
  • Italy makes COVID-19 pass mandatory for all workers | DW News
  • In This Story: Germany

    Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe. It lies between the Baltic and North seas to the north, and the Alps to the south.

    Germany is a federal parliamentary republic led by a chancellor. With over 83 million inhabitants of its 16 constituent states, it is the second-most populous country in Europe after Russia, as well as the most populous member state of the European Union. Its capital and largest city is Berlin, and its financial centre is Frankfurt; the largest urban area is the Ruhr.

    5 Recent Items: Germany

  • German elections: Who is favourite to be Chancellor?
  • Germany Decides: CEO Briefing
  • The Story of Taiwo Awoniyi – From FC Liverpool to Union Berlin’s Top Striker
  • Germany’s COVID vaccination rate stagnates at 62% | DW News
  • Australian wildfires released more CO2 than annual emissions of Germany, say scientists
  • In This Story: Joe Biden

    Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

    He is married to Dr Jill Biden.

    Books by Joe Biden #Ad

    6 Recent Items: Joe Biden

  • AUKUS military alliance: Livid France pushed-out of a multi-billion euro submarine deal
  • Nigel Farage: I will not obey any more lockdowns
  • Biden seeks to rally support behind $3.5 trillion spending plan • FRANCE 24 English
  • Antony Blinken chuckles as Republican senator makes Joe Biden mute button claims
  • UNDER FIRE | Scott Morrison LIVE interview about alliance and Joe Biden’s “nickname” for him | 7NEWS
  • Biden goes after ‘super wealthy’ as he COUGHS through speech
  • In This Story: Moscow

    Moscow, on the Moskva River in western Russia, is the nation’s cosmopolitan capital. In its historic core is the Kremlin, a complex that’s home to the president and tsarist treasures in the Armoury. Outside its walls is Red Square, Russia’s symbolic center. It’s home to Lenin’s Mausoleum, the State Historical Museum’s comprehensive collection and St. Basil’s Cathedral, known for its colorful, onion-shaped domes.

    2 Recent Items: Moscow

  • What you should know about Russia’s parliamentary elections
  • Chilling moment as unidentified assailant bombs a police station
  • In This Story: Russia

    Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.

    Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.

    The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.

    3 Recent Items: Russia

  • Russia’s 2021 Parliamentary Elections in full swing
  • Russia parliamentary elections: Putin urges Russians to vote after critics barred from election
  • What you should know about Russia’s parliamentary elections
  • In This Story: Ukraine

    Ukraine is a large country in Eastern Europe known for its Orthodox churches, Black Sea coastline and forested mountains. Its capital, Kiev, features the gold-domed St. Sophia’s Cathedral, with 11th-century mosaics and frescoes. Overlooking the Dnieper River is the Kiev Pechersk Lavra monastery complex, a Christian pilgrimage site housing Scythian tomb relics and catacombs containing mummified Orthodox monks.

    2 Recent Items: Ukraine

  • Bring Me The Horizon’s Oli Sykes on the “future emo” of ‘DiE4u’
  • Seven years after destruction of flight MH17, victims’ relatives testify at trial • FRANCE 24
  • In This Story: United States

    The United States is a country also known as the United States of America, USA, US or just America. There are fifty states in the union, which is a federal republic ruled by a representative democracy. Nearly ten million square kilometres are inhabited by over 300 million people. The majority of Americans speak English.

    4 Recent Items: United States

  • AUKUS military alliance: Livid France pushed-out of a multi-billion euro submarine deal
  • Blinken calls France vital partner in Indo-Pacific after Australia rift • FRANCE 24 English
  • Did the pandemic signal the end of the American era? | The Bottom Line
  • The Australia-U.S. Ministerial Consultations discusses AUKUS in Washington | 7NEWS
  • Leave a Comment

    We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.