US EditionGermany's Former Chancellor Gerhard Schröder's Bank Account Frozen Amid Russian Payment Controversy
- Former German Chancellor Gerhard Schröder had his Sparkasse bank account frozen in May 2025 after the bank ceased processing funds originating from Russian sources.
- The freezing followed concerns Sparkasse raised about potential exposure to U.S. sanctions from processing Schröder's payments linked to Russian state companies.
- Schröder has received substantial payments, approximately 200,000 euros every six months, for his role overseeing the Nord Stream 2 initiative, with these earnings expected to continue until mid-2024.
- Schröder reportedly faces a shortfall near half a million euros as Sparkasse, led by the Green Party's Belit Onay, has rejected Russian-related transactions since mid-2024.
- The account freeze and payment blocking reflect increasing scrutiny of Schröder's ties to Russia and possible repercussions for his financial dealings.
38 Articles
38 Articles
The Bank of Sparkasse in Hanover blocks payments for former Chancellor Gerhard Schreeder, wrote by Bild. According to a German publication, about 200,000 euros came to Schreeder's account at Sparkasse every six months, a monetary reward for serving as the board of directors of Nord Street 2 AG, the operator of the North Flow-2 project.
The German bank Sparkasse stopped crediting German Chancellor Gerhard Schrader with transfers from the Nord Stream 2 pipeline operator, namely his salary as a representative and chairman of the supervisory board of this Swiss-registered “daughter” of the Russian Gazprom.
The ex-Chancellor of Germany received about 200,000 euros every six months from Nord Street 2.
Berliner Morgenpost
As the "Image" reports, the bank no longer gives credit to the old chancellor for transfers from Russia. Schröder therefore escapes hundreds of thousands.
Sparkasse Hannover has closed the account of Altkanzler Schröder for transfers from the Russian gas company Gazprom. This is reported by the "Bild" report. Schröder is said to be missing a total of 500,000 euros due to the blocking.
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