Germany and US Reach Agreement on Nord Stream 2

US and Germany came to an agreement to allow for the $11 billion Nord Stream 2 pipeline to be completed, CNBC informed.

The move arrives after a long-standing and very thorny point of contention between the two long-time allies.

The deal reached between Berlin and Washington, revealed on Wednesday, is aimed at investing more than EUR 200 million in energy security in the country of Ukraine, but also in sustainable energy in Europe.

According to a State Department official stated on a call with journalists, that if Russia tries to use energy as resource to conduct aggressive actions against Ukraine, Germany will take acts on a national level and seek for effective measures on the EU level. This includes sanctions to reduce Russian exports to Europe in the energy segment.

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