Siemens issued a statement saying that it will leave the Russian market as a result of events in Ukraine.
The company has suspended all new operations and international shipments to Russia and Belarus since the start of Russia’s military operation in Ukraine. International sanctions and potential countermeasures are affecting the company’s operations in Russia, particularly rail service and repairs. CEO Roland Busch confirmed that Siemens had decided to leave Russia.
We join the international community in focusing on supporting our people and providing humanitarian aid. Siemens will leave the Russian market as a result of the events in Ukraine. The company has begun the procedure to cease its production and all manufacturing activities. Siemens was one of the first companies to suspend all new operations and international shipments to Russia while it assesses the situation to ensure the safety of its 3,000 employees in the country.
In 2020, Siemens spun off its energy division into a separate company, Siemens Energy, which is one of the main suppliers of energy equipment in Russia.