Siemens to exit the Russian market

By Railway Gazette International2022-05-13T07:00:00

SIEMENS: Siemens AG announced on May 12 that it is to exit the Russian market as a result of the invasion of Ukraine. The company said it had begun proceedings to wind down its industrial operations and all industrial business activities, in line with regulatory requirements and international sanctions.

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Siemens to exit the Russian market

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