Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionSiemens Energy AG is a German company, a manufacturer of equipment for the energy industry.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionSold factory and stake in few Russian companies.
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.