On its exit from joint ventures with Russian Railways Siemens and its subsidiary Siemens Mobility announced 12 May. They announced the termination of all production operations in Russian jurisdiction and the suspension of the supply of their products to Russia.
In his commentary, the executive director of Siemens Roland Bush explained this decision by the action of the sanctions regime adopted by the West against Moscow, and the logistical problems that arose against this background. “This was not an easy decision, given our responsibility to take care of our employees, as well as longstanding relationships with customers in the market,” the top manager admitted.
Siemens Mobility opened a network of depots in Russia where the rolling stock of the Sapsan and Lastochka trains were maintained and repaired. Subsidiaries of this company produced frequency converters and traction motors for these trains.
Siemens notified the Russian Railways about the suspension of the contract for the export of its products back in March. About it informed Chairman of the Board of Russian Railways Oleg Belozerov, speaking at the Federation Council. At the same time, according to him, all agreements on the continuation of the maintenance of already delivered trains should have remained in force.
“We assume that (Peregrine Falcons) will walk. If there are any nuances, then, accordingly, we will refine the spare parts, look for options for how it will work, ”said the head of Russian Railways. Regarding the Lastochka electric trains, he said that they were “import-substituted by almost 88 percent,” including due to production at Uralvagonzavod.
Siemens has been operating in Russia since 1852, initially building telegraph lines. FT writes that the Russian market accounted for only about 1% of all sales of the German conglomerate.
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