Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling Back
Siemens Energy AG is a German company, a manufacturer of equipment for the energy industry. Siemens Energy AG is an energy company formed by the spin off of the former Gas and Power division of Siemens Group and includes a 92.7% share of Siemens Gamesa.
Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling BackSold factory and stake in few Russian companies but Siemens Energy supplies control technology for reactors to the Russian nuclear giant Rosatom.
All new types of business in Russia have been suspended. German energy holding Siemens Energy has started restructuring its business activities in Russia and intends to complete the exit from assets in Russia at the end of the current fiscal year. But it is possible to continue servicing the equipment for "Nordic Stream-1". 14.10.2022: Siemens Energy sells Russia-based gas turbine JV to local state firm.
| May 12, 2023 | Siemens response |
| February 17, 2023 | Siemens Energy response |
| February 17, 2023 | Letter sent by B4Ukraine to the company and the response provided |
| November 30, 2022 | Yale's SOM List |
| October 14, 2022 | Siemens Energy продає російське СП газових турбін місцевій державній фірмі. |
| September 08, 2022 | Siemens Energy plans to complete the exit from assets in the Russian Federation this fall, but there is a nuance |
| August 08, 2022 | Siemens Energy loss widens amid Russia withdrawal |
| July 10, 2022 | Canada agreed to hand over the turbine to Gazprom, contrary to Ukraine's position |
| June 21, 2022 | Canada Working With Germany on Options to Restore Vital Gas Flow |
| March 02, 2022 | Siemens Energy stopping all new business in Russia |