Electrical engineering – Siemens stops new business in Russia – Economy

The technology group Siemens reacted to the Russian attack on Ukraine and stopped its new business with Russia. This also applies to international deliveries, Siemens explained. Local service and maintenance activities would continue. “In our business activities in and with Russia, we naturally comply with the applicable law, the applicable export control guidelines and the applicable sanctions law,” the statement said. According to the company, around one percent of sales are generated from business with Russia, and the number of employees is in the low four-digit range. Siemens Energy has also stopped its new business with Russia.

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