
ebm-papst gives up business in Russia
The fan manufacturer ebm-papst is giving up its business in Russia due to the war in Ukraine and its economic consequences. The family-owned company presented a record result for the past financial year.
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The fan manufacturer ebm-papst is giving up its business in Russia due to the war in Ukraine and its economic consequences. The family-owned company presented a record result for the past financial year.

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Important foreign markets offset the decline in business with Russia and Ukraine.

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Siemens is discontinuing its business in Russia after around 170 years. The sanctions against the country reduce profits in the second quarter by around 600 million euros.

Siemens will withdraw completely from Russia and leave the country entirely. This is expected to have an impact on business results, with the rail service and maintenance business being particularly affected.