Contents tagged with Siemens
German authorities do not recognize the Russian annexation of the Crimea peninsula. German companies will not work in this territory, German President Frank-Walter Steinmeier stated, as reported by the newspaper Kommersant.
"This fact, of course, has consequences for German companies’ activities both directly in the Crimea and in connection with it. German companies won’t work there. Besides, concerning Siemens, the existing agreement was violated and, therefore, the investors have lost …
Russian President Vladimir Putin will meet with representatives of German business, said Yuri Ushakov, the Presidential Aide for Foreign Policy Issues, at a press briefing on October 9, Deutsche Welle reports.
According to Ushakov, the meeting is organized at the initiative of the German Committee on Eastern European Economic Relations. It will be held in Sochi on October 12. German business will be represented by the heads of about 20 companies operating in the Russian market, with Siemens, …
After the delivery of Siemens turbines to a power plant in the Crimea in defiance of sanctions and without the manufacturer’s consent, the German concern plans to take measures regarding any future cooperation with Russian customers, CEO of Siemens AG, Joe Kaeser said in an interview with the German magazine Spiegel.
"In any case, our trusting relations with Russia, formed over more than 160 years, were spoiled," he said, stressing that this was "not a trivial trespass." "On the other hand, …
The Moscow Arbitration Court scheduled a preliminary meeting on October 20th to review the suit brought by the joint venture of Siemens and OJSC Power Machines – Siemens Gas Turbine Technologies LLC (SGTT) – against two Russian enterprises, the Rostec state corporation and Technopromexport JSC, as stated in the court documents.
The press service of Siemens in Russia has not yet commented on the content of the claim against Rostec.
Earlier, Siemens itself filed a lawsuit against …
Siemens, under pressure from Russia, refused to continue supplying equipment for the modernization of the Ukrainian gas transportation system (GTS), Interfax-Ukraine reports quoting the head of the board of Naftogaz of Ukraine, Andriy Kobolyev, as saying.
"The first compressors had already been brought in; they were Siemens compressors. But then Siemens called and said that if we brought them, then we would lose the Russian market," the head of Naftogaz said.
According to him, the company had …
The joint venture of Siemens and Power Machines filed a lawsuit to the arbitration court against Rostec's subsidiary company, Technopromexport. The latter bought Siemens turbines for construction in the annexed Crimea, as reported by Meduza.
The claim by Siemens gas turbine technology against JSC and LLC Technopromexport was filed on September 8th. Details on the claim haven’t been disclosed.
The company Technopromexport bought four gas turbines from Siemens in 2015. It was announced that the …
Siemens is fulfilling all its obligations to the Russian energy holding company Inter RAO, there are no problems with the supply or servicing of equipment, said Inter RAO chairman Boris Kovalchuk, as reported by the Russian news outlet Prime. “There are no problems with either the equipment supply or the servicing of our equipment by our German partners, all obligations are being fulfilled,” Kovalchuk responded when asked whether Siemens had warned Inter RAO of difficulties in further work.
The Russian news outlet Kommersant reported that its journalists have uncovered the scheme according to which Siemens gas turbines were transferred from Russia to annexed Crimea, in circumvention of EU sanctions. As the media claims, this took place by means of resale.
According to the publication, it follows from the arbitration court documents that the scheme involved two Russian companies with the same name: JSC Foreign Economic Association Technopromexport, which is a subsidiary of the …
The Moscow Arbitration Court refused to seize the Siemens-produced turbines which were shipped to annexed Crimea in circumvention of sanctions, the Dozhd TV channel reported with reference to a court file.
Furthermore, the court refused to prohibit the mounting of these turbines. Their seizure was specified as a security measure in the lawsuit.
The consideration of Siemens’ case against the corporate structures of Rostec, who relocated the turbines to the peninsula, has been scheduled for …
German concern Siemens will insist on the return back to Russia of four turbines delivered to the annexed Crimea, reported Russian agency TASS, citing Siemens representative Philip Ench.
Ench said that a re-acquisition of the gas turbines delivered to the annexed Crimea could be a fairly simple solution to the conflict.
"Technically, this could look like an agreement on the price that one party is willing to pay to get the turbines back," he said. "From this point of view it's quite a simple …