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29th Mar 2024

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Former chancellor Schroeder joins board of Russian firm

Former German chancellor Gerhard Schroeder was appointed on Friday to the board of Russian state-owned energy company Rosneft. The decision "will obviously facilitate the company's international development, expansion of its presence in Europe, and establishment of efficient ties with western partners," Rosneft chief Igor Sechin said, according to Tass agency. Schroeder has already been chairman of the shareholders' committee of Nord Stream, a Russo-German gas pipeline company, since 2005.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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