Siemens dissolves maintenance service contracts with Russian Railways
Siemens confirmed to TASS that from May 13 it will dissolve maintenance service contracts with Russian Railways.
This is reported by the railway magazine Railway Supply.
“In view of the magnitude of the European Union sanctions against the Russian Federation, as well as the measures taken and potential retaliatory measures and their serious consequences for the day-to-day operations of Siemens Mobility, the decision has been made to wind down business in Russia, including exiting existing joint ventures and terminating service contracts for maintenance with Russian Railways from May 13,” the company said.
Earlier, Vgudok reported that Russian Railways would create its own company to service high-speed trains, but it is not yet clear how exactly it will function.
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