Contents tagged with Siemens

  • Siemens announces it is ceasing business operations in Russia

    Siemens AG, the German engineering giant, announced it is exiting Russia after doing business in the country for 170 years. Siemens is the latest in a long list of firms that have pulled out of Russia following its invasion of Ukraine in February.

    The company employs 3,000 people in Russia and has begun winding down its industrial operations and businesses in the country. The company took a high of $625 million in its second quarter financial statement after Russian sanctions.

    Siemens had …

  • European water equipment installed in Crimea despite sanctions

    Water supply equipment manufactured by German company Siemens and Danish company Grundfos was installed in annexed Crimea, despite the ban on the supply of such equipment, established by a resolution of the Council of Europe back in 2014, reports the Current Time.

    The presence of European equipment in the peninsula was shown on Russian television.

    "It is 100% incomprehensible how these pumps got to Crimea. We see the statement of Siemens and Grundfos that they followed all the rules, that …

  • Russia to launch two new power plants in annexed Crimea during Putin's visit

    The Russian engineering company Technopromexport plans to officially launch new power plants in the Crimea on March 18 during the planned visit of Russian President Vladimir Putin, Reuters reported, citing information from its five different sources.

    Putin plans to visit the Crimea on the anniversary of its annexation. He also plans to attend the opening of the Sevastopol power plant, the sources reported. “During the closed meeting, the Governor [ of Sevastopol] stated that Putin will arrive …

  • Russia's Rostec reduces its claim against Siemens in Crimean turbines case

    A representative of Russian engineering company Technopromexport, a subsidiary of Rostec filed an application at the arbitration court of Moscow against German conglomerate AG and its two Russian subsidiaries for a fourfold reduction of the amount of claim, reported RIA Novosti.

    “Now, Technopromexport, a minority shareholder of the company Interautomatika demands the recovery of about 46.8 million rubles [or 742 thousand dollars] and 1.4 million for Interautomatika. Initially, a suit was …

  • Siemens to supply turbines to Russia for construction of power plant in Chechnya

    Gazprom will acquire two Siemens gas turbines for the thermal power plant (TPP) in Grozny, RBC news agency reports with reference to Gazprom’s statement. According to RBC, on March 16, the meeting between the head of Gazprom Alexey Miller and Siemens CEO Joe Kaeser was held in St. Petersburg, where the heads of the companies discussed father cooperation. "The parties, in particular, focused their discussion on the supply of equipment for the Grozny TPP. According to the signed contract, …

  • Siemens signs new contract with Russian company that previously delivered its turbines to Crimea

    A subsidiary of the German company Siemens confirmed a new joint venture with the Russian state corporation Rostec, who had previously deceived Siemens with the illegal supply of its gas turbines to the Crimea in violation of contract. This was reported on January 11 by the Russian state news agency TASS.

    Inna Domoratskaya, the Press Secretary of the Russian company Siemens Healthcare, a division of Siemens Healthcare GmbH, told the agency that this subsidiary of Siemens is ready to provide …

  • Moscow court denied Siemens’ claim to return gas turbines delivered to Crimea

    The Moscow Arbitration Court dismissed the claim of the Russian subsidiary of the German company Siemens against the Russian state corporation Rostec on the return of the turbines supplied for the thermal power plants (TPPs) being built in the annexed Crimea, as reported on January 10th by RIA Novosti.

    "We deny the claim," Judge Ayuna Tsidipova said.

    The plaintiff, manufacturer of turbines, Siemens Gas Turbine Technologies LLC, asked the court to recognize the contract for the supply of …

  • Russian Court: Siemens was not deceived in turbines deal

    The Moscow Arbitration Court did not invalidate the deal on the supply of Siemens turbines to Rostec's subsidiary Technopromexport, RIA Novosti reports. The publication notes that the German concern was unable to prove fraud in the case of shipment of its turbines to the Crimea.

    "In violation of the provisions of Article 65 of the Arbitration Procedure Code of the Russian Federation, the plaintiffs on the initial lawsuit did not prove that plaintiff-2 [the Siemens plant producing turbines-Ed.] …

  • Siemens concludes major construction contract with Russia

    On Monday, December 18th, Siemens signed a contract for the construction of a combined cycle power plant in Nizhnekamsk with a capacity of 495 MW. The worth of the contract is 380 million euros.

    The contract was signed in Munich by the President of Siemens in Russia, Dietrich Möller, and Azat Bikmurzin, General Director of PJSC Nizhnekamskneftekhim (Taif group of companies), in the presence of the Deputy Prime Minister of Bavaria, Ilse Aigner, President of Tatarstan, Rustam Minnikhanov, and …

  • Moscow court rejects Seimens’ request to seize turbines in Crimea

    A Moscow arbitration court refused to impound four gas turbines which were manufactured by Siemens and sent by Technopromexport to the annexed Crimea in violation of sanctions,TASS reported, referring to the court’s decision.

    “The court refuses to approve the application of Siemens Gas Turbine Technologies (a Siemens subsidiary),” TASS quoted the court as saying.

    The Siemens subsidiary demanded the seizure of the gas turbines and wanted Technopromexport and other parties to be prohibited from …