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Schroeder Quits Rosneft Job After Pressure Over Putin Ties

  • Former German chancellor also has senior role at Nord Stream 2
  • Scholz had urged Schroeder to step aside from lucrative posts
Gerhard Schroeder with Vladimir Putin in 2018.
Gerhard Schroeder with Vladimir Putin in 2018.Source: AFP
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Former German Chancellor Gerhard Schroeder is quitting his post as chairman of Russian state-owned oil company Rosneft PJSC after widespread calls for him to cut ties to Russian President Vladimir Putin over the invasion of Ukraine.

Schroeder, a Social Democrat like current Chancellor Olaf Scholz, led the ruling coalition with the Greens from 1998 to 2005. He has become an embarrassment for his party after refusing to distance himself from Putin and give up lucrative jobs with Russian state-owned energy companies.