Siemens leaving Russia ...News

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Siemens leaving Russia
The German industrial major has begun procedures to stop all manufacturing and business in the country Munich-based industrial giant Siemens is leaving the Russian market in response to Moscow’s military operation in Ukraine, the company said in a statement on Thursday. “Siemens will exit the Russian market as a result of the Ukraine war. The company has started proceedings to wind down its industrial operations and all industrial business activities,” the statement reads. In early March, the company announced the cessation of deliveries to Russia and Belarus and the suspension of all new business projects due to

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