I hope this doesn't conflict with his obligations towards the EU...

From The Daily Mail:

Former Labour Minister Lord Mandelson is in line for a major Russian directorship, it was revealed today. He has been nominated to the board of Sistema, Russia's largest publicly-traded diversified holding company.

The Moscow-based company's activities span telecommunications, high technology, oil and energy, electronics and aerospace, banking, retail, mass-media, tourism and healthcare services.

... because if it does, he'll lose his lovely EU pension.