The latest on the Russia–Ukraine crisis, May 13. Click here for updates from May 12.
German Industrial Giant Siemens Is Leaving Russia After Nearly 170 Years
German industrial giant Siemens AG says it is exiting Russia, where it has operated for almost 170 years.
“We condemn the war in Ukraine and have decided to carry out an orderly process to wind down our industrial business activities in Russia,” Roland Busch, the Munich-based company’s CEO, said Thursday.
Siemens had been one of the first companies to put all new business in Russia, along with international deliveries to the country, on hold following Russia’s invasion of Ukraine in February.
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