Siemens is considering an exit from assets in Russia – media

Siemens обдумывает выход из активов в России - СМИ

German turbine travelled to the Crimea to bypass sanctions

The German company owns 65 percent of the company, Siemens gas turbine technology and 46 percent of Interautomatika.

The head of Siemens Joe KAESER is considering the possibility of an exit from joint ventures in Russia. Spcializing this writes the German magazine Wirtschafts Woche, citing its sources.

Siemens owns 65 percent of the company, Siemens gas turbine technology and 46 percent of Interautomatika.

The German company has created a special group that discusses this question after the scandal with the supply of gas turbines in the Crimea.

In accordance with the EU sanctions, German companies are unable to supply such equipment on the annexed Peninsula.

Note, according to Kommersant, now Siemens operates in more than 30 cities of Russia and participated in 53 projects.

The Siemens scandal erupted earlier this month when Reuters reported the German turbines which were originally built for the Taman, but got on the annexed Peninsula.

The company has accused Russia of violating the terms of the contract and has submitted to Arbitration court of Moscow the claim. The Kremlin insists that arrived in Crimea “Russian-made equipment, assembled from Russian components”.

The media learned the details of the claim from Siemens turbines in the Crimea

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