Siemens intends to reject its share in the joint venture with Russia Technopromexport – the Interavtomatika company, Reuters reports.
The company announced having got valid information about the turbines illegally delivered to Crimea against sanctions.
Earlier Siemens announced that they think the information about their leaving Interavtomatika (where they own 45.7%) to be speculative. Siemens created a special group for checking the information on the turbines’ delivery. The German holding proposed to cancel the contract and to buy the turbines out. Also they announced that they will breaklicense agreements with Russian companies on the supplies of the equipment for electric power stations.
Siemens’s decision on breaking relations with Russian companies might result in vast losses for the company itself, Sergei Shatirov, Deputy Chairman of the Federation council committee for economic policy, shared his opinion with RIA Novosti.
