Schneider and Krecké drop their Russian activities
Their position had become untenable. Former Socialist Economy Ministers Étienne Schneider and Jeannot Krecké have resigned from Sistema’s board of directors. Based in Moscow, the conglomerate controlled by the oligarch Vladimir Yevtouchenkov notably owns the largest mobile operator in Russia and the East-West United Bank in Luxembourg.
Mr. Schneider had joined the Russian group in 2020, joining his predecessor at the Ministry of the Economy who had sat there since his departure from the government. “Despite the many criticisms, we have tried to live up to our responsibilities on the boards of directors of East-West United Bank and its owner Sistema in order to help the many employees and their families in Luxembourg” , they wrote in a press release.
“A cruel and unacceptable war”
The two former members of the government “hope that their efforts will bear fruit”, explaining that they informed the main shareholder of “the sale” of their activity as administrators. “We believe that this war is unacceptable and cruel to accept an end”, they conclude by sharing a message of peace addressed to the populations.
Like François Fillon and Gerhard Schröder, respectively former French Prime Minister and former German Chancellor, many former European leaders have been strongly criticized for their professional activities within large Russian groups. The Frenchman also ended his duties “with sadness, for political reasons”. The German was not resigned.
(th/The essential)
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