Carl Bildt

Bildt Rejects Conflict of Interest

Swedish Foreign Minister Carl Bildt has admitted to Parliament’s Constitutional Committee that he could have refrained from cashing in his stock options in Vostok Nafta.

But Bildt said he saw no reason to do so. A series of revelations concerning Bildt’s controversial business dealings have come to light since he took up his post as foreign minister after the last election.

The investment company Vostok Nafta has holdings made up almost entirely of shares in Russian energy giant, Gazprom. Gazprom is behind plans to construct a Baltic Sea gas pipeline through Sweden’s economic zone.

Bildt continues to maintain that there has never been a conflict of interest and previously blamed the media for driving criticism against his share holdings and his position on company boards.

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