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Published 2 years ago

Siemens to leave Russia due to Ukraine war, take hefty charge

Summary by Ground News
Siemens will quit the Russian market due to the war in Ukraine, it said on Thursday. Losses and charges at its train-making business led to a downturn in profit during its second quarter. The German company employs around 3,000 people in Russia and had previously decided to not take on new projects.

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