The company has decided on its future in Russia.
The procedure for terminating the production and operating activities of the German concern has started Siemens in Russia. According to the company's official statement, Siemens will leave the Russian market due to the full-scale Russian invasion of Ukraine.
Siemens reminded that after the start of Russia's war in Ukraine, the company suspended new operations and international supplies to Russia and Belarus. International sanctions and potential countermeasures affect the company's operations in Russia, including railway maintenance and repair.
Roland Bush's CEO explained the orderly process of leaving Russia: At the same time, we provide humanitarian assistance to our colleagues and the people of Ukraine and support the calls of the world community for peace. “
It is noted that two separate companies were represented in Russia – Siemens and Siemens Energy.
In Russia, Siemens Energy is one of the main suppliers of energy equipment. The company, in particular, owns Siemens Transformers and 65% in the JV with Power Machines – Siemens Gas Turbine Technology (STGT). Siemens Gamesa, a member of Siemens Energy, is also a partner of Enel Russia (MOEX: ENRU) in renewable energy projects in Russia.
In addition, Siemens and the Sinara Group operate in Russia. joint venture LLC “Ural Locomotives”, which mass-produces freight mainline electric locomotives with collector traction drive 2ES6 “Sinara” and asynchronous 2ES10 “Granite”, as well as electric trains and main electric locomotives 2ES7.
also: General Motors is finally leaving the Russian market
Recall that many global brands have left the Russian market. However, there are companies that do not want to leave the Russian market or leave without leaving. What is wrong with them, says Natalia Vlasyuk in the text “ Do not understand and do not forgive” .
