Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back
Revenue(RF), mln.USD
88
Assets, mln.USD
162
Capital, mln.USD
58
Staff
857
Taxes, mln.USD
24
The Company Statement

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.

June 24, 2023
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