Siemens to leave Russia due to Ukraine war, take hefty charge
2131
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. |
The EU Council and Parliament strike a deal on rules to phase out Russian gas imports
457Yesterday, 09:54
EU countries seek urgent plan B to fund Ukraine
83426.11.2025, 16:54
̀«Where the bishop is silenced, Christ is silenced»: Diradur Sardaryan
71824.11.2025, 00:10
Madagascar military ruler shows 300 kg gemstone found in presidential palace
92719.11.2025, 23:47
Trump: 'Okay with me' on plan to sanction countries trading with Russia
79618.11.2025, 00:22
Trump says Republicans drafting bill to sanction countries that trade with Russia
65017.11.2025, 09:53