Siemens has joined a number of businesses that have announced an exit or suspension of their services in Russia due to the invasion of Ukraine, APA reports citing Fox.
The company had put all new business in and international deliveries to Russia and Belarus on hold at the start of the war.
Siemens says the international sanctions, as well as current and potential countermeasures, impact the company’s business activities in Russia, particularly rail service and maintenance.
The business will manage the orderly process to wind down its activities in line with regulatory requirements and international sanctions.
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