EU Eyes Banning Nationals From Top Jobs at Russia State-Owned Firms
- Ex-Chancellor Schroeder may have to give up role, people say
- German proposal would need to be approved by all member states
European Union flags fly outside the headquarters of the European Commission, in Brussels, Belgium.
Photographer: Geert Vanden Wijngaert/BloombergThis article is for subscribers only.
The European Union is considering a German proposal to ban EU nationals from holding high-paying roles in Russian state-owned companies, according to people familiar with the matter.
The proposal, if formally presented by the European Commission and backed by all member states, would cast a wide net over EU nationals. As a result, it would likely scoop up former German Chancellor Gerhard Schroeder, said the people who declined to be named on confidential talks.