Siemens Leaves Russia After 170 Years for the Invasion of Ukraine

Siemens said they decided to end their activities in Russia, where they have been present for almost 170 years, in an orderly manner.

EFE.- The German technological and industrial group Siemens is going to leave the Russian market as a result of the war in Ukraine and has begun to suspend its operations and industrial activities.

Siemens reported this Thursday that the financial impact of the decision is included in the results of the second quarter of its current exercise, which began in October and is published today.

“After the start of the war, Siemens stopped all new business and international supplies to Russia and Belarus,” the company added in a statement.

International sanctions and possible countermeasures affect Siemens’ activities in Russia, especially railway and maintenance services.

Siemens President and CEO Roland Busch said they have decided to “orderly end their activities in Russia,” where they have been present for almost 170 years.

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Siemens Leaves Russia After 170 Years for the Invasion of Ukrain - /10

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Siemens said they decided to end their activities in Russia, where they have been present for almost 170 years, in an orderly manner.

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