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Rachel Treisman

German industrial giant Siemens is leaving Russia after nearly 170 years

Siemens Russia Roland Busch

Siemens headquarters in Munich, Germany, pictured in May 2019. The German industrial giant is ending operations in Russia after more than a century. (Christof Stache / AFP via Getty Images)

At the start of the war, Siemens put all new business and international deliveries in Russia and Belarus on hold. Now the German manufacturing giant says it will exit the Russian market entirely.

The company announced Thursday that it "has started proceedings to wind down its industrial operations and all industrial business activities" in line with regulatory requirements and international sanctions.

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