The U.S. and Germany reached an agreement over the $11B Nord Stream 2 natural gas pipeline. The pipeline, which will transport natural gas from the Russian arctic to Germany, was a long-standing point of contention between the allies.
- The U.S. was concerned Nord Stream 2 would give Russia more leverage in Central and Eastern Europe.
- Ukraine said the deal threatens its national security, while Poland also opposed the deal.
- Under the agreement, Germany promised to impose sanctions on Russia if Moscow makes moves to undermine the energy security of central and eastern European countries.
- Germany will also set up a billion-dollar fund to help Ukraine transition to clean energy.
- The announcement comes after President Biden and German Chancellor Angela Merkel met at the White House last week.
- After the meeting, the leaders said they were "united against Russian aggression."