Bloomberg reports this, citing its sources.
According to one of the agency’s sources, this project would be NATO’s largest investment in the alliance’s history. Its cost is estimated at $30 billion.
The agreement, which has been under discussion for several years, is expected to be announced as early as Wednesday, July 8, and the technical details—including the financing structure and the procedure for expanding the network—will be finalized in the coming weeks. Most of the funding will come from the alliance itself, with Eastern European countries covering the remainder.
The agency identifies Poland, the Baltic states, Romania, Bulgaria, and Turkey as the main beneficiaries of the network expansion, as their fuel supply situation will improve significantly.
The initiative stems from concerns that, in the event of major operations near Russia’s borders, current transportation capacity may be insufficient to ensure the supply of petroleum products. Most Eastern European countries rely on road and rail infrastructure, which is more vulnerable to attacks.
