Schroder Yields to Political Pressure, Leaves Russian Rosneft

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Former German Chancellor Gerhard Schröder has yielded to political pressure. He resigns from the Russian state oil group Rosneft.

 

He was still chairman of the board of trustees at the largest oil company in the country, despite the Russian invasion of Ukraine. He now says that it is “impossible” to stay there, according to Rosneft.

The German parliament decided a day earlier to scrap some privileges for the former head of government. The European Parliament even wants to impose sanctions on Schröder and other Kremlinge-minded ex-politicians.

Schröder, 78, is damaging Germany’s prestige in the world by not distancing himself from Russian President Vladimir Putin, and criticising the parliament in Berlin. He loses a state-paid office with staff.

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