Germany's Schroeder to quit Rosneft board as backlash mounts
ABC News
Russian state energy company Rosneft says former German Chancellor Gerhard Schroeder plans to leave its board of directors as a backlash over his ties with Russia and its energy sector mounts
BERLIN -- Former German Chancellor Gerhard Schroeder plans to leave the board of directors of Russian state energy company Rosneft as a backlash over his ties with Russia and its energy sector mounts.
Schroeder, 78, is the chairman of Rosneft's board. Roseneft said Friday that Schroeder announced “the impossibility of extending his powers on the board of directors of the company.”
The announcement came a day after German lawmakers agreed to strip Schroeder of his taxpayer-funded office and staff.
Schroeder, 78, led Germany from 1998 to 2005. He has become increasingly isolated in recent months due to his work for state-controlled Russian energy companies.
