Business news from Ukraine


The German concern Siemens will leave the Russian market as a result of Russia’s full-scale invasion of Ukraine, the company said in a statement.
Siemens has begun the process of terminating its manufacturing and operating activities.
Siemens recalled that after the start of the Russian war in Ukraine, the company suspended all new operations and international deliveries to the Russian Federation and Belarus. International sanctions and potential countermeasures affect the company’s activities in Russia, in particular, railway maintenance and repair.
Siemens has decided to conduct an orderly exit process from Russia, CEO Roland Bush is quoted as saying.
“We evaluate the impact on our people and will continue to support them to the best of our ability. At the same time, we provide humanitarian assistance to our colleagues and the people of Ukraine and support the calls of the world community for peace,” said the head of Siemens.
At the moment, the Siemens circuit includes, in particular, operations in the field of automation and digitalization for industry, intellectual infrastructure, transport, and distributed power systems. In 2020, the company held a spin off, as a result of which the energy division was separated into a separate Siemens Energy company (as of the end of November 2021, Siemens was the largest shareholder with a 35% share).
Thus, two separate companies are represented in the Russian Federation – Siemens and Siemens Energy.
In Russia, Siemens Energy is one of the main suppliers of power equipment. The company, in particular, owns Siemens Transformers and 65% in a joint venture with Power Machines – Siemens Gas Turbine Technologies (STGT). Siemens Gamesa, also part of Siemens Energy, is a partner of Enel Russia (MOEX: ENRU) in implementing renewable energy projects in Russia.
In addition, in Russia, Siemens and the Sinara group operate a joint venture LLC Ural Locomotives, which serially produces freight mainline DC electric locomotives with a collector traction drive 2ES6 Sinara and with an asynchronous 2ES10 Granit, as well as electric trains Lastochka “and main AC electric locomotives 2ES7.

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Siemens in Ukraine in the 2021 fiscal year (October 2020 – September 2021) has doubled the volume of orders and turnover in comparison with FY2020, CEO of Siemens Ukraine Maciej Tomasz Zielinski has said.

“Despite the COVID-19 pandemic, supply chain difficulties associated with supply disruptions, rising prices for materials 2021 turned out to be excellent from a financial point of view and the implementation of the set goals,” he said at a press conference in Kyiv in Tuesday.

Zielinski said that growth was recorded in all businesses of the company in Ukraine, including taking into account the growing demand of companies for digitalization solutions. At the same time, he did not specify the size of the company’s turnover in 2021.

As reported, the company’s initial plans for FY2021 envisaged at least maintaining turnover at the FY2020 level.

Referring to the issue of the company’s work in FY2022, Zielinski expressed his hope for the further development of all sectors.

“I hope that all sectors will develop in Ukraine. The sector where the lack of chips is most affected is the automotive industry, which is practically absent in Ukraine, and for example, the agricultural sector will develop rapidly, since it is a necessary resource for humanity, and Ukraine has a chance here [to increase supplies], including taking into account the disruption of supplies from the same Far East. And here we will continue to work, for example, with Kernel,” the CEO of the company said.

He also said that the pharmaceutical industry of Ukraine now using digital technologies can produce products at the level of European and American standards.

“I think that mechanical engineering will also develop, again due to the disruption of supplies from the Far East,” the CEO of Siemens Ukraine said.

Zielinski said that Siemens Ukraine itself continues to transform, and this year it has introduced a regime for its employees when an employee can work remotely for two or three days. According to him, today 85% of employees are vaccinated and provided with insurance in case of COVID-19 disease.

At the same time, according to him, only vaccinated or tested employees, or those with a doctor’s certificate, can work in the office.

Founded in 1997, Siemens Ukraine is a supplier of products, services and integrated solutions for energy, industry, transport, building automation and urban infrastructure. The central office is located in Kyiv, regional branches in Lviv, Dnipro, Kryvy Rih, Odesa and Kharkiv.


Siemens business in Ukraine has doubled over the past three years, the company expects to maintain such growth rates in the next three years, Director General of Siemens Ukraine Maciej Tomasz Zielinski has said.
“In the industries where we work – in energy, in the food industry, in business processes – we consider this possible with the right policy of the government of the country,” he told Interfax-Ukraine on the sidelines of the Ukrainian House, organized by the Victor Pinchuk Foundation, WNISEF and Horizon Capital in Davos.
According to him, the matter concerns the continuing of the policy of energy independence, increasing production efficiency, further developing the agricultural sector that can feed the whole of Europe and even more.
In addition, the expert noted a great development potential of the Ukrainian industry due to its digital transformation.
“There are not many countries that would be as good as Ukraine and have the potential for a leap,” he said.
At the same time, he called on Ukrainian companies to be more flexible, more market-oriented and customer oriented.
“Siemens offers technologies that improve efficiency and help our customers be more successful,” he added.
Siemens Ukraine, founded in 1997, is a supplier of products, services and integrated solutions for the energy sector, industry, transport, building automation and urban infrastructure. The central office is located in Kyiv, the regional branches are in Lviv, Dnipro, Kryvy Rih, Odesa, and Kharkiv.