Former German Chancellor Resigns From Russian Energy Corp Board

Former German chancellor Gerhard Schroder has quit his role on the supervisory board of the Russian oil company Rosneft after pressure from the European Union. Schroder announced that he would be stepping down from his role with Rosneft on Friday following a resolution in the European Parliament that called for sanctions to be enacted against former European politicians who have gone on to work for Russian companies.

The 78-year-old, who served as Chancellor of Germany from 1998 to 2005, was named in the EU sanctions text along with others including former Austrian foreign minister Karin Kneissl, Austrian newspaper Kronen Zeitung reports. Earlier this week, Schroder was deprived of special rights as a former head of the German government by the current ruling coalition, but he will still be entitled to a state pension and keep his security detail.

Former German Chancellors are entitled to several benefits, including their own office with several paid employees, a driver, and reimbursement for their travel expenses for the rest of their lives.

‘Putin’s Useful Idiots’ – Ukrainian State Media Slams German Political Class — Breitbart London (@BreitbartLondon) April 1, 2022

Earlier this year in March, current German Chancellor Olaf Scholz called on Schroder to resign from his positions on Russian company boards stating, “I find that it is not correct for Gerhard Schroder to hold these offices. And I think it would be correct for him to give them up.”

Scholz went on to argue that despite Schroder being a private citizen, his role as a former head of the German government meant that his business moves were not just a private affair for him, saying: “This obligation does not end when one no longer holds the office, but it also continues.” The German Chancellor has not been the only one to criticise Schroder for remaining on Russian company boards. Former U.S.

President Donald Trump spoke about Schroder’s business dealings in 2018, saying: “The former Chancellor of Germany is the head of the pipeline company that’s supplying the gas… Germany is totally controlled by Russia.”

Progress? Germany Agrees Gas Deal with Sharia Qatar to Reduce Dependency on Russia — Breitbart London (@BreitbartLondon) March 21, 2022

Follow Chris Tomlinson on Twitter at @TomlinsonCJ or email at ctomlinson(at)


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