Siemens suspended deliveries and new businesses in Russia
The German concern Siemens announced the suspension of deliveries and work on new businesses in the Russian Federation, the company said in a statement.
Siemens is assessing all the consequences of the sanctions, the company said.
In Russia, Siemens is one of the main suppliers of power equipment. The company, in particular, owns 65% in a joint venture with Power Machines – Siemens Gas Turbine Technologies (STGT). Siemens Gamesa is also a partner of Enel Russia in the implementation of renewable energy projects.
In addition, in Russia, Siemens and the Sinara group operate a joint venture LLC Ural Locomotives, which serially produces freight mainline DC electric locomotives with a collector traction drive 2ES6 Sinara and with an asynchronous 2ES10 Granit, as well as electric trains Lastochka “and main AC electric locomotives 2ES7.