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Gerhard Schröder leaves Rosneft – POLITICO


BERLIN — Former German chancellor Gerhard Schröder will step down from the supervisory board of Russian oil company Rosneft, she announced on Friday.

Schröder, who acted as chairman of Rosneft’s supervisory board, said it was impossible for him to extend his term, the company said in a statement quoted by German media.

The announcement comes a day after ruling parties in Germany moved to strip him of his taxpayer-paid office space in Berlin over his refusal to sever ties with Russian President Vladimir Putin despite the war in Ukraine. .

The European Parliament also passed a resolution on Thursday urging the EU to sanction Europeans like Schröder who still sit on the boards of top Russian companies.

Asked about the resolution, German Chancellor Olaf Scholz said he did not believe it was “necessary at the moment”. But he added that “the best thing would be for Gerhard Schröder to resign from his post”.

How to respond to Schröder’s refusal to leave his senior positions in Russian energy companies has been the subject of heated debate in Germany since the start of the war.

The former chancellor, who was appointed to the board of directors of the Russian energy company Gazprom in February, had so far refused to give in. “I don’t do mea culpa,” he told The New York Times in an interview last month.

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