X
Latest News:
Erdogan vows to thwart any 'Kurdish state' in Syria      Syrian opposition meeting in Riyadh ends in stalemate      UN opens employment center for Syrians in Jordan      Germany's Gabriel hits back at Erdogan with call to back Turkish democracy      'Fully committed' NATO backs new US approach on Afghanistan      More talks likely on Kurdish independence vote      Iraq forces take 2 Tal Afar districts from ISIS      Iran in talks to unblock Twitter, says new minister     
    Established by Fathi Ibrahim Bayoud 2005 - Homs

    Russia nominates ex-German Chancellor for Rosneft board

    | 2017-08-12 16:42:47
    Russia nominates ex-German Chancellor for Rosneft board
    Former German Chancellor Gerhard Schroeder addresses a news conference following a Social Democratic (SPD) parliamentary faction meeting in Berlin, March 12, 2013. (REUTERS/Fabrizio Bensch)

    The Russian government has nominated former German Chancellor Gerhard Schroeder, a close friend of President Vladimir Putin, to join the board of Rosneft, the energy giant under Western sanctions.

    Schroeder was among seven nominees in a decree signed by Prime Minister Dmitri Medvedev published on the Russian government's website late Friday. The names will go to a shareholders' vote in late September in a move to increase Rosneft's board from nine to 11.

    Schroeder was nominated as a non-executive director of Rosneft, a company born out of Yukos, a state entity that later came under the control of government opponent Mikhail Khodorkovsky.

    Rosneft has been dogged by a string of legal claims from New York to Paris and Amsterdam since taking over Yukos after it was dismantled following Khodorkovsky's high-profile arrest in 2003 and jailing.

    Friday's decree also named Rosneft director general Igor Sechin, a close ally of Putin, Kremlin official Andrei Belousov and Energy Minister Alexander Novak as the state's representatives on the board.

    Rosneft, Russia's biggest oil producer, is 50 percent state-owned.

    Schroeder, a Social Democrat who was German chancellor from 1998 to 2005, celebrated his 70th birthday in a palace in St Petersburg during the crisis over Ukraine. He has publicly opposed sanctions placed on Rosneft because of Russia's interference in Ukraine.

    While chancellor, Scroeder championed a Nord Stream pipeline agreement with Russia, which was signed during his last days in office.

    Having since built a business career in Russia he heads up a shareholders' committee at Nord Stream, which supplies gas to Germany via the Baltic Sea.

    Keywords:  Russian
    Comments (0)
    Post Your Comments
    fill all fields below
    *
    Name
    *
    Will now be shown
    *
    Comments
    152
    *
    This confirmation code will prevent auto submit