Russia surprises Siemens after 170 years – Observer

The Russian Federation on Friday expressed “great surprise” at the decision of the German technology and industrial group Siemens leave the Russian market because of the Kremlin’s decision to impose an attack on Ukraine.

“As for the cooperation with Siemens, it is really important for us, because the company has been present on the Russian market for more than 150 years ”since the days of Tsarist Russia, ”said Denis Manturov, Minister of Trade and Industry.

He added that the decision was “unexpected” and which he considered “rather strange.”

The Russian minister recalled that due to sanctions imposed on the Russian Federation, Moscow allowed parallel imports of products without the permission of the holders of intellectual property rights.

Siemens CEO Roland Busch said Thursday that the company had decided to “cease operations in a controlled manner in the Russian Federation,” where it has been for nearly 170 years.


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