Russian Prime Minister Vladimir Putin (C), Gazprom Chief Executive Officer Alexei Miller (R) and former German chancellor Gerhard Schroeder (L) arrive for the inauguration of the Nord Stream Project in 2011. Photo: AFP/Alexey Nikolsky

Former German chancellor Gerhard Schröder was appointed on Friday chairman of Russian state-controlled oil producer Rosneft. The decision was reported earlier this week by TAAS, which cited sources saying a directive from the Russian government had approved the decision in mid-September.

Chair of the shareholder committee of the Russia-Germany gas pipeline Nord Stream AG, Schröder has been a staunch supporter of Putin’s state-led energy projects and opponent of sanctions against Russia.

“The addition of Schröder as an independent director will, without a doubt, support international business development,” Rosneft Chief Executive Officer Igor Sechin was quoted by Bloomberg as saying at the shareholders meeting in St Petersburg on Friday.