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. Last Updated: 07/27/2016

Nord Stream's Warnig Quit Dresdner

Nord Stream executive Matthias Warnig, who opened Dresdner Bank's Russian business in 1991 and confirmed last year that he had worked for the East German Stasi, left the bank in the summer, Financial Times Deutschland said Tuesday, citing the company.

Warnig, 51, who is the managing director of Gazprom's Nord Stream pipeline project, will focus on building the Baltic Sea line from Russia to Germany, the newspaper reported. The company, of which former German Chancellor Gerhard Schr?der is the chairman, is scheduled to open the pipeline in 2009, the newspaper said.

Warnig will remain a consultant of the bank, the Dresdner spokesman told the newspaper. Warnig said in October 2006 that he had worked as an agent for former communist East Germany's state security service.

Warnig told Vedomosti newspaper that he had worked in industrial espionage against rival West Germany until 1989.