The United States have pledged to support the Three Seas energy investments with $1 billion, said Polish Foreign Minister Jacek Czaputowicz during the press briefing at the 56th Munich Security Conference, adding that American support is a “very important declaration which proves how seriously the United States treats the Three Seas initiative.”

Czaputowicz stated that the U.S. wants to show their support by engaging with the development of Central-European infrastructure of the Three Seas countries, which include the 12 countries of Austria, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia.

“The funds will be able to be used to increase the transfer of energy resources and improvement of the state of infrastructure,” he said.

The foreign minister stated that the 2020 Three Seas Initiative summit will be held in Estonia. It will focus on developing road and railway infrastructure on the North-South axis of the Three Seas countries and on energy infrastructure.

Czaputowicz explained that the main issue is creating a possibility to transfer gas between the countries, which will be beneficial for Three Seas member states, as well as countries such as Ukraine.