Russia’s Rosneft Elects German Ex-chancellor Schroeder as Chairman

30 Sep 2017   Germany, Russia

Former German Chancellor Gerhard Schroeder faced further criticism at home after he was elected as chairman of Russia’s biggest oil producer Rosneft on Friday. Schroeder, a Social Democrat who led Germany from 1998 to 2005, prompted widespread criticism in his homeland in August when he was nominated to Rosneft’s board, given Western sanctions against Moscow over the Ukraine crisis and Chancellor Angela Merkel’s frosty relations with the Kremlin. Shareholders in state-controlled Rosneft, which is subject to the sanctions, elected Schroeder to its board at a meeting on Friday, and shortly afterwards Schroeder told a news briefing he was pleased to have been chosen to be chairman. “Schroeder is a reputed and renowned politician, who has persistently advocated strategic cooperation between Germany, Europe and Russia,” Rosneft […]

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