Ex-German chancellor quits Russian oil giant

Ex-German chancellor quits Russian oil giant


The EU parliament earlier voted to sanction Gerhard Schroeder, while the Bundestag decided to stop funding his staff and offices

Former German Chancellor Gerhard Schroeder and Matthias Warnig, the executive director of the Nord Stream 2 pipeline, are stepping down from their positions on the board of Russian oil giant Rosneft, the company reported on Friday.

The two directors said they cannot keep their positions, a statement from the company said, adding that its leadership “took their decision with understanding” and “thanked their unwavering support.”

The two contributed their “strategic vision, immense practical experience and deep comprehension of the problems of the international market” while serving as board members, and made a significant contribution “to implementing large-scale infrastructure projects in Russia and Germany” that made the German economy more efficient and German citizens more prosperous, the statement…

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