Ex-German Chancellor Schröder joins supervisory board of German retailer Globus's Russian arm

Former German Chancellor Gerhard Schröder has joined the supervisory board of Giperglobus LLC, the Russian operator of the Globus hypermarket chain, to help manage its strategic development in Russia. This marks a notable escalation of Schröder's post-chancellorship ties to Russia, as he already holds positions at Rosneft and Nord Stream. The move signals continued Western business engagement in Russia despite sanctions, potentially complicating EU efforts to isolate Moscow.