Economy

EU Secures $750B Energy Deal with US Over Three Years to Reduce Russian Dependence

Historic $750B US-EU Energy Agreement Announced

In a groundbreaking move, the European Commission, under the leadership of President Ursula von der Leyen, has finalized a monumental $750 billion trade deal with the United States. This agreement is set to significantly alter the energy landscape of the European Union by providing an alternative to Russian liquid natural gas.

Von der Leyen highlighted the EU's over-reliance on Russian energy sources and praised the new deal for offering a more affordable and stable energy solution. The payment will be structured in three annual installments of $250 billion, ensuring a manageable financial commitment for the EU.

"This agreement not only secures our energy needs but also fosters certainty and stability for businesses across the Atlantic," von der Leyen stated, marking a new chapter in US-EU trade relations.