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“Pompeo Pledges $1 Billion in US Support For European Energy Initiative”

“Secretary of State Mike Pompeo on Saturday pledged that the U.S. would contribute $1 billion to help support the energy independence of European allies.

The support to the Three Seas Initiative, an effort that aims to promote dialogue among 12 member states in Central and Eastern Europe on a variety of policies, comes as President Trump continues to press European allies over their contributions to shared defense, trade and other issues.

“As a brand new statement today of our support for sovereignty, prosperity, and energy independence of our European friends, today I want to announce that through the International Development Finance Corporation, and with the support of our United States Congress, we intend to provide up to $1 billion in financing to Central and Eastern European countries of the Three Seas Initiative,” Pompeo announced at the Munich Security Conference. “

Tal Axelrod reports for The Hill February 15, 2020.