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Mike Pompeo: U.S. will to donate $1 billion to Three Seas project

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Christian Fernsby ▼ | February 15, 2020
The US government wants to donate $1 billion dollars to energy projects due to be implemented within the Three Seas Initiative, the U.S. Secretary of State Mike Pompeo announced during the World Security Conference in Munich.
Mike Pompeo
Business in Europe   Mike Pompeo
The funds will be allocated by the International Development Finance Corporation with the support of the U.S. Congress.

Topics: Pompeo U.S. Three Seas

Pompeo stated that the decision was aimed at reviving private investment in the energy sectors of the Three Seas, as well as to help reduce the dependence of Central and Eastern European countries on Russia.

In his speech, the U.S. Secretary of State talked about support for the Three Seas countries and denounced the voices about NATO being in decline.

“We're here today to talk about the facts. The claims of the death of the North Atlantic Alliance are drastically exaggerated. The West wins, we all win, together”, he said.

Established in 2015, the Three Seas Initiative seeks to strengthen ties between countries located in the region bordering on the Black, Baltic and Adriatic seas. It brings together Poland, the Czech Republic, Slovakia, Hungary, Lithuania, Latvia, Estonia, Croatia, Slovenia, Bulgaria, Romania and Austria.


 

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