Pause operations: company temporarily curtailing operations while keeping return options open

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Siemens Mobility is a division of Siemens. With its global headquarters in Munich, Siemens Mobility has four core business units: Mobility Management, dedicated to rail technology and intelligent traffic systems, Railway Electrification, Rolling Stock, and Customer Services.

Pause operations: company temporarily curtailing operations while keeping return options open

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Revenue(RF), mln.USD
88
Assets(RF), mln.USD
162
Capital(RF), mln.USD
58
Staff(RF), 2021
857
Taxes(RF), mln.USD
24
Glob.Revenue, mln.USD
75681

Siemens Mobility LLC, which belongs to the German concern Siemens, wants to recover 1.15 billion rubles from Ural Locomotives. In 2022, Siemens announced the cessation of business in Russia.

The Company Statement
February 20, 2024

Siemens' parent company announced its exit on May 12. Siemens Mobility has already announced the termination of contracts with Russian Railways for the maintenance of Sapsans, and a contract worth 1.1 billion euros for the supply of Sapsans. In addition, Russian Railways is suing them - the St. Petersburg Arbitration Court took away equipment for servicing trains in favor of Russian Railways. There is still a joint venture with Sinara for the production of trains.

May 25, 2022Russian Railways asks to ban Siemens from international arbitration on the repair of Sapsan aircraft
May 16, 2022The court handed over Siemens equipment to Russian Railways for servicing Sapsan aircraft
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