untitled design

Germany: Former Chancellor Schroeder resigns from Rosneft

Former Chancellor Gerhard Schroeder intends to step down as head of the Supervisory Board of the Russian oil company Rosneft, the company announced.

According to the announcement, Mr. Schroeder stated that it is impossible for him to renew his contract, without however one of the two parties giving more details.

Mr. Schroeder remains the leader of the Russian pipeline company Nord Stream 1 and 2, and in June it is expected that he will take a similar position at Gazprom, as suggested by the Russian government. For these positions, but also for his refusal to take clear distances from Russian President Vladimir Putin regarding the war in Ukraine, he receives harsh criticism, while yesterday the Bundestag decided to deprive him of most of the privileges he enjoyed as a former chancellor. According to information broadcast by WELT television, Gerhard Schroeder intends to appeal against the decision of the Parliament. At the behest of the finance ministry, the Bundestag stripped the former chancellor of his office and his associates in parliament and allowed only his personal safety to remain, if deemed necessary by the relevant police service.

Asked about this a while ago, government spokesman Stephen Hempstreet referred to yesterday’s statements by Chancellor Olaf Solz, who described the decision of the Parliament as “reasonable” and noted that “it would be best (Mr. Schroeder) to resign from all positions. of “in Russian companies. However, commenting on suggestions that Gerhard Schroeder should be included in the list of Western sanctions against Russia, Mr. Soltz stressed that “nothing more is needed.”

Source: AMPE

Source: Capital

You may also like

GBP/JPY oscillating around 195.00
Markets
Joshua

GBP/JPY oscillating around 195.00

GBP/JPY approaches multi-year highs as Yen weakens further. The chances increase that the BoJ’s verbal intervention will translate into real

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular