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Disclosure

12 May 2023

Author:
Siemens

Siemens response

Please see below our response to the questions around parallel imports:

  • After the outbreak of the Russian war against Ukraine, Siemens was one of the first companies to put all new business in, and international deliveries to, Russia and Belarus on hold. In May 2022, Siemens AG also decided to withdraw from the Russian market and initiated procedures to wind down its industrial operations and all industrial business activities. We have stopped deliveries to Russia, including deliveries of spare parts.
  • To counteract the risk of third-party attempts to evade sanctions, we have also initiated measures to prevent – as far as we can – other companies from delivering Siemens products to Russia. Among other things, we immediately cease to do business directly or indirectly with any companies involved if we become aware of an attempt to evade sanctions, and we report cases to the relevant authorities in Germany

Timeline

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