Siemens announces withdrawal from Russia, Mobility division takes hit

Image: Wikimedia

Siemens announced its withdrawal from the Russian market on Thursday during the presentation of its quarterly results. Siemens Mobility, already heavily impacted following international sanctions on Russia, will likely take the biggest hit.

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Author: Nick Augusteijn

Former Chief Editor of RailTech.com

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Siemens announces withdrawal from Russia, Mobility division takes hit | RailTech.com

Siemens announces withdrawal from Russia, Mobility division takes hit

Image: Wikimedia

Siemens announced its withdrawal from the Russian market on Thursday during the presentation of its quarterly results. Siemens Mobility, already heavily impacted following international sanctions on Russia, will likely take the biggest hit.

Want to read more?

Subscribe now!

Take advantage of our exclusive offer to get full access to all premium content.

See the offer

Author: Nick Augusteijn

Former Chief Editor of RailTech.com

Add your comment

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