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Siemens leaves Russia after 170 years. ‘It was not an easy decision’

Siemens leaves Russia after 170 years.  'It was not an easy decision'

Siemens on Thursday announced plans to leave Russia entirely. In a press release, the company stated that after the attack on Ukraine it suspended all new transactions and deliveries to Russia and Belarus.

“We condemn the war in Ukraine and have decided to carry out an orderly operation to stop the operation of our industrial activities in Russia. It was not an easy decision, considering our commitment to the care of our employees and many years of customer relationships in the market in which we have been operating for nearly 170 years. We are assessing the impact on our employees and will continue to support them as best we can. At the same time, we provide humanitarian assistance to our colleagues and the people of Ukraine and support the international community in their appeal for peace,” says Roland Bosch, President and CEO of Siemens AG, in the statement.

The rest of the article is below the video

As we read more, the company will now complete all operations in accordance with international law and sanctions.

See also: Japan is “freezing” Russian banks. New sanctions package

Siemens, or actually Siemens & Halske, was founded in 1847 in Berlin by German inventor and engineer Werner von Siemens. In 1855, Wilhelm Siemens’ brother, Karl Heinrich von Siemens, opened a representative office in Saint Petersburg. It was related to Russian requests for long-range telegraph lines. To this day, the company owns a factory there, but it will soon cease to exist, according to the announcement.

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