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Schröder's Bank Account Frozen Over Nord Stream Payments

5/27/2025

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Summary

Story summary

Gerhard Schröder's bank account at Sparkasse Hannover has been frozen amid suspicions of receiving payments linked to Nord Stream 2 AG, a Gazprom subsidiary. The former chancellor, known for his pro-Russia stance, allegedly received €200,000 every six months. Citing fears of US sanctions, the bank has also returned €500,000 to Luxembourg.

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Story summary

Gerhard Schröder's bank account at Sparkasse Hannover has been frozen amid suspicions of receiving payments linked to Nord Stream 2 AG, a Gazprom subsidiary. The former chancellor, known for his pro-Russia stance, allegedly received €200,000 every six months. Citing fears of US sanctions, the bank has also returned €500,000 to Luxembourg.