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German former Chancellor Schroeder leaves Rosneft

Matthias Warnig, Managing Director of Nord Stream AG, also left the company.

German former Chancellor Schroeder leaves Rosneft
Photo: EPA / UPG

Former German Chancellor Gerhard Schroeder has resigned as chairman of the board of russia's oil company Rosneft.

This was reported by russian media with reference to the press service of Rosneft.

It is noted that Schroeder stated "the impossibility of continuing his powers on the company's board of directors."

Matthias Warnigh, managing director of Nord Stream AG, the operator of the Nord Stream-2 gas pipeline, also left the company.

Rosneft noted that "we understand their decisions." 

After the russian attack on Ukraine, BP representatives Robert Dudley and Bernard Looney left Rosneft's board of directors. Former Austrian Foreign Minister Karin Kneisl, Swiss banker Hans-Jörg Rudloff and two representatives of the Qatar Investment Authority remain among the foreigners.

Schroeder is a politician who managed to build two Nord Streams, as well as the fact that German officials, like himself, became the leaders of russian corporations. This led to the penetration of russian capital into Germany and the corruption of Germany. Read more in the material "Russian game of Steinmeier".

On May 19, the European Parliament called on former Foreign Minister Karin Kneisl and Chancellor Schroeder to resign from Russian companies. Otherwise, sanctions will be imposed on them.

Earlier, Spiegel reported, citing a relevant order, that Germany's ruling coalition had agreed to strip Schroeder of the chancellor's privileges because of his ties to russia.

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