Court orders Siemens to deliver trains to Russia ...News

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The German company has been accused of failing to meet its contractual obligations The Arbitration Court of Moscow ruled on Tuesday that Siemens Mobility’s refusal to honor a contract signed with Russian Railways is illegal, and ordered the German firm to deliver high-speed trains. Under the deal signed by the two companies in June 2019, a branch of the German multinational conglomerate focused on rail technology and intelligent traffic systems was to deliver 13 high-speed Sapsan trains from September 2022 to July 2023. The total value of the supply contract amounted to €513.5 million ($546.2 million), according t

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