Former German Chancellor Schröder quits post at Russian energy company Rosneft | DW News

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DW News published this video item, entitled “Former German Chancellor Schröder quits post at Russian energy company Rosneft | DW News” – below is their description.

Former German Chancellor Gerhard Schröder has told Russia’s state-owned oil company Rosneft that he cannot continue serving on its board of directors, a statement on the company’s website says.

German businessman and Nord Stream 2 CEO Matthias Warning had also made the same move, it said.

His departure from Rosneft comes as the German parliament announced on Thursday that he would lose his taxpayer-funded office and staff, amid the controversy over his business and political ties to Russia.

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In This Story: Russia

Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.

Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.

The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.

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