Gerhard Schroeder joins Globus board amid close ties to Vladimir Putin
- Reports
- 6
- Developments
- 1
- Repetition
- 83%
New informationRepeats or wire copies
What happened
Gerhard Schroeder recently joined the supervisory board of Globus. On October 8, he was photographed celebrating Vladimir Putin's 74th birthday at the Kremlin, which the Kremlin stated was related to Schroeder's business trip for Globus. Schroeder has faced criticism in Germany regarding his links to Russian business and Vladimir Putin, particularly since the 2022 invasion of Ukraine and subsequent Western sanctions.
From straitstimes.com
Why it matters
Schroeder's appointment to the board of Globus, a German multinational, raises questions about the company's exposure to geopolitical risk due to his close relationship with Vladimir Putin. This occurs amid ongoing Western sanctions against Russia.
From straitstimes.com
Who's involved
- Gerhard SchroederServes on the supervisory board of Globus.
- Vladimir PutinHosted Schroeder for his birthday celebration at the Kremlin.
- GlobusGerman multinational hypermarket chain that appointed Schroeder to its board.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Schroeder's ties to Putin fuel political opposition against MerzSchroeder's continued ties to Putin fuel political opposition against MerzLikely
- Schroeder's ties to Putin may boost United Russia's political standingSchroeder's ties to Putin may boost United Russia's political standingPossible
- Schroeder's ties to Putin could weaken Western support for ZelenskyySchroeder's ties to Putin may weaken Western diplomatic pressure on UkrainePossible
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The entities involved
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Gerhard Schroeder
German architect, active in Wroclaw
Nothing else this week.
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Vladimir Putin
2nd and 4th President of Russia (2000-2008, 2012-present), 7th and 11th Prime Minister of Russia (1999-2000, 2008-2012), Director of the Federal Security Service (1998-1999) and Deputy Mayor of Saint Petersburg (1994-1996)
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Globus
German multinational hypermarket and home improvement chain
Related events
- Russia faces sanctions while Putin proposes new mechanisms within BRICS to seek independence from Western pressure.
- Putin's ideological opposition to Europe's security, aggressive war against Ukraine, and the resulting calls for sanctions and controls.
- Russia and Japan clash over sanctions and trade treaties, with Russia vowing countermeasures against Japan.
- European support is reported to be altering Russia's strategic outlook.