Siemens Is Leaving Russia After 170 Years ...Middle East

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Siemens Is Leaving Russia After 170 Years
source : OILPRICE ( Middle East ) () 12
Siemens is set to face a €600m (£512m) hit in the second quarter after announcing its full exit from the Russian market after 170 years. Following the invasion of Ukraine in late February, Siemens Chief Executive Roland Busch said the conflict was a “turning point in history”, and has decided to pull all services from the region. “We, as a company, have clearly and strongly condemned this war,” Busch told reporters. “We’re all moved by the war as human beings. And financial figures must take a back…

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