Germany will take action if Russia uses Nord Stream 2 against Ukraine - Bloomberg.

Germany will take unspecified national action if Russia tries to use the Nord Stream 2 gas pipeline as an energy weapon against Ukraine, according to a draft deal on Nord Stream 2 obtained by Bloomberg News.

According to the accord, if Russia attempted to use energy as a weapon or commit aggression against Ukraine, Germany would take action itself while also pressing for measures at the European level, including sanctions to limit Russia's energy exports.

Journalists believe such a decision may mark a concession from German Chancellor Angela Merkel, who had previously balked at making independent moves against the Kremlin over the gas pipeline that will run from Russia to Germany.

Read also: Congress must reject any deal between U.S., Germany on Nord Stream 2 – Marcy Kaptur

Under the draft agreement, the U.S. and Germany would seek to promote investments of as much as $1 billion in a so-called Green Fund to help Ukraine's transition to cleaner sources of energy, Bloomberg said.

Journalists said Germany would commit to an initial $175 million investment in the fund.

Germany would also appoint a special envoy -- with $70 million of funding -- to support bilateral energy projects with Ukraine.

Lastly, the agreement would commit Germany to use leverage to extend Ukraine's gas transit agreement with Russia for as long as ten years after it expires in 2024. Those negotiations would start no later than September 1.

Bloomberg journalists have not yet received any comments from the Kremlin.

Earlier, the U.S. administration said the Nord Stream 2 gas pipeline should not become a new weapon or tool of influence for the Kremlin.

State Department spokesman Ned Price said the main goal of the United States' talks with European allies and partners on the Nord Stream 2 project was to ensure that "Russia cannot weaponize energy flows."

The agreement between the United States and Germany on Nord Stream 2 is to be signed in the coming days before Ukrainian President Volodymyr Zelensky's visit to the United States.

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