Siemens sues Russian state company

Dhaka,  Thu,  21 September 2017
Published : 12 Jul 2017, 14:42:18

Siemens sues Russian state company

Siemens has filed a lawsuit against a Russian state company and against its own Russian affiliate as the German engineering group tries to stop the use of its turbines in Crimea in violation of EU sanctions, according to a global media report Wednesday.

According to the Moscow Arbitration Court, the Russian capital’s court for hearing business disputes, Siemens yesterday asked it to open a case against Technopromexport (TPE), a subsidiary of state technology holding Rostec, and Siemens Gas Turbine Technologies (SGGT), a St Petersburg-based joint venture that is 65 per cent owned by Munich-based Siemens.

A Siemens spokesman said its subsidiary was listed in the filing for technical reasons. All claims in substance go against TPE. However, since we sued as Siemens AG and not as SGGT, SGGT has to be informed as a party of that contract.

Siemens had confirmed on Monday that at least two of four gas turbine sets supplied to Technopromexport had gone to Crimea, the peninsula that Moscow annexed from Ukraine in 2014. They had been supplied for a power plant in another Russian region not under sanctions.

While Siemens has said it aims to force a return of the transferred turbines from Crimea, Russia’s trade minister Denis Manturov insisted yesterday that they would be used in the Crimean power plants and argued they had now become Russian.

- SZ
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