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Former German Chancellor Schröder quits post at Russian energy company Rosneft

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Former German Chancellor Gerhard Schröder has told Russia's state-owned oil company Rosneft that he cannot continue serving on its board of directors, a statement on the company's website says.

German businessman and Nord Stream 2 CEO Matthias Warning had also made the same move, it said.

His departure from Rosneft comes as the German parliament announced on Thursday that he would lose his taxpayer-funded office and staff, amid the controversy over his business and political ties to Russia.

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