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Evening Standard

Business

Mark Banham

Siemens to withdraw from Russia after 170 years

Siemens Russia Roland Busch Siemens AG Ukraine

Roland Busch is president and CEO of Siemens AG who have pulled out of the Russian market in reaction to the Ukraine invasion
(Picture: Siemens AG)

German industrial giant Siemens has announced plans to pull all business from Russia after 170 years of operations.

In a statement, the company said “Siemens will exit the Russian market as a result of the Ukraine war. The company has started proceedings to wind down its industrial operations and all industrial business activities.”

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