Economics & Business News

Biden promised Scholz to compensate Russian gas

US President Joe Biden said at a press conference following talks with German Chancellor Olaf Scholz that in the event of interruptions in Russian gas supplies to Europe, the United States would compensate for a significant portion of the fuel. Biden's words are reported by RIA Novosti

“We are looking for opportunities to compensate for the lost gas from Russia ... We think we can compensate for a significant part of it,” the head of the White House said.

He noted Russia's interest in gas supplies to European countries and stressed that Moscow would "suffer greatly" by losing this market.

In the same speech, Biden threatened that if Russia attacked Ukraine, the Nord Stream 2 gas pipeline would be gone.

Earlier, Biden aide Jake Sullivan said that Nord Stream 2 would not work for several more months. He added that if the Russian Federation invades Ukraine, the gas pipeline will never be put into operation.

Prior to this, Scholz said that Germany could impose sanctions against Nord Stream 2 in response to the escalation of tension on the Russian-Ukrainian border.

Biden promised Scholz to compensate Russian gas