German industrial conglomerate Siemens said Friday it would cut some ties to Russia after confirming gas turbines it sold to companies there had been diverted to Ukraine's Russian-annexed Crimea region in breach of sanctions.
The Munich-based giant said it would freeze deliveries of power generation equipment to state-controlled Russian customers, divest its stake in a Russian company that sells power-plant control systems and terminate a licensing agreement for power generation equipment.
GMT 15:58 2017 Thursday ,16 November
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ECB's Draghi says 'ample degree of stimulus' still neededMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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