Supervisory Board in Russia, Fees in Germany: How Former Chancellor Schröder Evades Sanctions

TVS News AI, editorially supervised, presents Supervisory Board in Russia, Fees in Germany: How Former Chancellor Schröder Evades Sanctions.

Former Chancellor Gerhard Schröder recently drew sharp criticism with a visit to Moscow. Now, according to SPIEGEL, it has emerged: the former Chancellor reportedly has a supervisory board mandate for a retail chain in Russia paid to him through a consulting contract in Germany.

As a result, the fees do not flow directly from Russia but are processed through a consulting contract in Germany. According to SPIEGEL information, this arrangement is said to help him avoid international sanctions, which among other things concern payments to individuals with mandates at Russian companies.

How the arrangement is structured according to SPIEGEL information

The money for the supervisory board mandate therefore does not come directly from Russia. Instead, the compensation flows through a consulting contract in Germany – this is how the former Chancellor apparently evades the sanctions. The report provides no further details on the exact contract structure, the amount of the compensation, or the companies involved.

What is known about Schröder's Moscow visit

Schröder most recently traveled to Moscow. His visit sparked sharp criticism. When exactly the trip took place and with whom the former Chancellor spoke there does not emerge from the available SPIEGEL information.