US Allocates A 1 Billion Dollars To European Countries For Energy Security

The US will allocate about $ 1 billion to Central and Eastern European countries for energy security projects as part of the Three Seas Initiative (3SI) to promote regional dialogue, according to the U.S. Secretary of State Mike Pompeo. 

“The United States – through our International Development Finance Corporation, and with the support of the US Congress – intends to provide up to $1 billion in financing to the Central and Eastern European countries of the Three Seas Initiative. Our aim is to galvanise private sector investment in their energy sectors,” Pompeo said during the Munich Security Conference.