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Disclosure

22 Mar 2022

Author:
Siemens

Siemens response

17 March 2022

...The safety and well-being of our employees is a priority for Siemens. The company is taking all possible measures to ensure this. We’ve set up a task force that is monitoring the situation very closely and has initiated suitable measures, including financial assistance, to ensure the safety and wellbeing of our employees and to support them as best as we can in these difficult times...

...We support the sanctions applied by Western governments and will act in compliance with all applicable laws in our business activities in and with Russia and Belarus and comply with the applicable export control requirements and sanctions law. To this end, we have put all new business in and international deliveries to Russia and Belarus on hold, while we evaluate the full implication of all sanctions. Ensuring strict adherence to sanctions, we will continue with local service and maintenance related activities...

26 May 2022

...Since we submitted a response, Siemens has announced that we are withdrawing from the Russian market...

Timeline

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