The Moscow Arbitration Court on Wednesday turned down a claim filed by a Russian subsidiary of Germany's Siemens Concern against two Rostec structures, LLC VO Technopromexport and OJSC Technopromexport, over Siemens turbines delivered to Russian-occupied Crimea, according to Russia's Prime business news agency.
The Moscow Arbitration Court has refused to satisfy Siemens's claim against Russia's Technopromexport (Rostec's subsidiary) on the supply of Siemens turbines to Crimea contrary to sanctions, while the counterclaim of Technopromexport against the German concern was rejected as well, according to the Russian news agency RBC.
Siemens CEO Joe Kaeser has told Germany's Spiegel in an interview that the German company plans to take "precautious" measures with regard to cooperation with Russian customers after the supply of Siemens turbines to a power plant in the occupied Crimea contrary to sanctions and without the consent of the manufacturer, according to the Russian news agency RBC.
A Moscow court has rejected a request by Siemens to seize its gas turbines, which have turned up in Crimea contrary to EU sanctions, and to ban their installation ahead of preliminary hearings next month, the court's ruling showed on Sunday, according to Reuters.
CEO of Siemens Joe Kaeser says that his company sees from EUR 100 million to EUR 200 million in revenue loss in Russia, according to Reuters.
Ambassadors of the EU member states on July 26 will discuss the expansion of sanctions against Russia amid the scandal with the supply of Siemens turbines to the occupied Crimea, Brussels-based RFE/RL journalist Rikard Jozwiak wrote on Twitter.
Siemens management believed the Kremlin's promises that German turbines would not be delivered to the occupied Crimea, and as a result the company suffered irreparable damage, Ukrainian Minister of Foreign Affairs Pavlo Klimkin wrote in his op-ed for the Ukrainian media outlet, Europeiska Pravda.
Siemens has announced it renewed its offer to buy back the equipment bought by Russia and sent to sanctions-bound Crimea, and to annul the original contract, according to its official statement regarding turbines to Crimea.
Russia outfoxed European Union sanctions by delivering gas turbines made by Germany's Siemens to the annexed Ukrainian region of Crimea. Now for the hard part, switching them on, according to Reuters.
Russia's Federal Security Service (FSB) officers have detained CEO of Power Machines engineering company Roman Filippov in St. Petersburg, according to Fontanka referring to its sources.
Two more gas turbines appear to have been delivered to Russian-controlled Crimea, according to two Reuters reporters who saw the equipment at the port of Feodosia, potentially deepening a row over sanctions compliance in which Germany's Siemens has become embroiled.
Germany's Siemens said on Monday, July 10, at least two of its gas turbines had been moved "against its will" from Russia to Crimea, a region subject to sanctions barring EU firms providing it with energy technology, according to Reuters.
A firm part-owned by Germany's Siemens has been hired to help install electricity turbines in Crimea, a region subject to European Union sanctions barring EU firms from supplying it with energy technology, three sources close to the project told Reuters.
German firm Siemens said on Friday it had set up a task force to investigate reports that its turbines had been delivered to Crimea for use in Russian-built power plants, according to Reuters.
Russia has delivered electricity turbines made by Germany's Siemens to Crimea, a region subject to European Union sanctions barring EU firms from supplying it with energy technology, three sources with knowledge of the delivery told Reuters.