Former German chancellor will join the board of Rosneft

Gerhard Schröder has been nominated for a position on the board of the state-owned and sanctioned Russian oil company.

Photo: /ritzau/AP/Yves Logghe

Rosneft is looking to expand its board from 9 to 11 members. This could work out in favor of former German chancellor Gerhard Schröder, as he is on the list of seven names, presented Friday in a statement signed by Russian Prime Minister Dmitri Medvedev, report media including Deutsche Welle.

The Russian oil company is mostly owned by the Russian state.

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