Siemens to leave Russia due to Ukraine war, take hefty charge
1983
Thursday, 12 May, 2022, 10:18
 Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euros ($630.18 million) hit to its business during the second quarter. Siemens has become the latest company to announce losses connected with its decision to leave Russia following the invasion on Feb. 24. Several companies from brewers Anheuser-Busch InBev (ABI.BR) and Carlsberg to sportswear maker Adidas (ADSGn.DE) to carmaker Renault and several banks have been counting the cost of suspending or withdrawing their operations in Russia. |
China imposes retaliatory 34% tariff on imports of all US goods
35404.04.2025, 15:57
"Europe's response to US tariffs must be tough and united" - Macron
37004.04.2025, 10:33
Trump imposes tariffs on penguin-inhabited islands
49203.04.2025, 10:39
Trump imposes 10 percent tariff on imports from Armenia
49603.04.2025, 09:57
Sybiga: "We are working on a new minerals agreement"
54701.04.2025, 16:33
Slovakia has received more than €100 million from the EU for energy projects in Ukraine
62731.03.2025, 18:57