German Of The Day: Oligarch

That means oligarch. Take former chancellor Gerhard “Gazprom Gerd” Schroeder, for instance. Please.

Gerd

Sanctions aimed at key individuals can be surprisingly effective, it turns out. They help to undermine internal support for the regime or at least its most unattractive policies.

One oligarch, though, remains overlooked. Arguably he is the most important of all. That’s former German Chancellor Gerhard Schroeder

Mr. Schroeder has been a one-man Trojan horse against every European Union commitment to curb Russian energy leverage and improve the competitiveness of its gas market. Notice that the alternative was never to shut Russian gas out of Germany. It was simply for Germany, at every step, to stop lending itself to the enhancement of Russia’s energy power, with Mr. Schroeder leading the influence brigades.

Schröders Engagement in Russland und Nähe zu Putin, den er einen Freund nennt, stößt seit Jahren auf Argwohn. Im vergangenen September ließ sich der Altkanzler allen Einwänden zum Trotz zum Aufsichtsratsvorsitzenden des halbstaatlichen russischen Ölkonzerns Rosneft wählen.

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