BREAKING: He’s RESIGNING Immediately [Developing]

Former German chancellor Gerhard Schröder has resigned from the Russian Energy Corp Board after a European Union threat.

“Schroder has quit his role on the supervisory board of the Russian oil company Rosneft after pressure from the European Union,” reports Breitbart News.

“Schröder announced that he would be stepping down from his role with Rosneft on Friday following a resolution in the European Parliament that called for sanctions to be enacted against former European politicians who have gone on to work for Russian companies,” according to Breitbart.

Schröder served as Chancellor of Germany from 1998 to 2005.

“Schröder was deprived of special rights as a former head of the German government by the current ruling coalition, but he will still be entitled to a state pension and keep his security detail,” reports Breitbart.

“Former German Chancellors are entitled to several benefits, including their own office with several paid employees, a driver, and reimbursement for their travel expenses for the rest of their lives,” reports Breitbart.

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