Which brands are part of Siemens Energy AG:
Separate division of Siemens
What Siemens Energy AG manufactures:
Manufacturer of equipment for the energy industry
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April 5, 2022 - boycott Russia official (Siemens Energy AG):
"Global suppliers of electrical switchgear can help stop Russia's war against Ukraine.
If the electrical systems at Russian factories and military plants fail, the war will be stopped very quickly, along with its horrific war crimes against the Ukrainian people. It is impossible to continue the modern war with the economy, which is stuck in the era preceding the steam.
Terminate all relations with Russia and Belarus, including any joint ventures, existing plants, sales through independent distributors, etc. We know that your solutions are still available in Russia, and that is why you continue to indirectly support a brutal war.
Stay on the right side of history and stop any business in Russia and Belarus! ”
Source
August 2, 2022 - Yale School of Management (Siemens Energy AG):
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Status of the company Siemens Energy AG according to the analysis: to freeze new business in Russia
Source
August 8, 2022 - obozrevatel (Siemens Energy AG):
"The supplier of turbines for Nord Stream is leaving Russia: an exception will be made for the gas pipeline.
Siemens Energy, which supplies turbines for Nord Stream-1, has begun restructuring its business in Russia. Exit from the Russian market is planned by the end of the 2022 fiscal year.
The company informed about the plans reports for the third quarter. Siemens Energy stated that EU sanctions after July 10 began to significantly affect the company's business activity in Russia and "do not justify the continuation of work" in this country.
Source
February 5, 2023 - kse institute:
Siemens Energy sells Russian gas turbine joint venture to local state-owned firm:
"All new types of business in Russia have been suspended. German energy holding Siemens Energy has started restructuring its business activities in Russia and intends to complete the exit from assets in Russia at the end of the current fiscal year. But it can continue to service equipment for Nord Stream-1. 10/14/2022: Siemens Energy sells Russian gas turbine joint venture to local state-owned firm. Systems LLC (formerly Siemens LLC, the Russian structure of Siemens AG) plans to initiate a voluntary liquidation procedure in February 2024 due to the impossibility of continuing its usual activities related to the import of goods to the Russian Federation, according to the company's report for the results of 2023."
Source
Did it come out? Siemens Energy from the Russian market? September 16, 2024 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Status of the company Siemens Energy AG according to the analysis: Sold the plant and share in Russian companies
Source
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Brands: Separate division of Siemens
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