Turbine Blowback: Germany's Siemens sues Russia's Technopromexport - Tackling Toxic Loans - Beating recession with goji berries
Siemens will open charges on the "responsible individuals" who shipped turbines to Crimea from Southern Russia. Russian Energy Minister Alexander Novak said Moscow will push ahead to construct two plants in the region.
Russia finds itself confronted with a widening of EU sanctions over the country's annexation of Crimea in 2014. The transfer of Siemens turbines to the peninsula triggered a fresh round of punitive measures.
Gas turbines made by German industrial giant Siemens and meant for mainland Russia have ended up in Crimea, in direct violation of sanctions put in place when the Crimean peninsula was annexed from Ukraine.
European Union anti-trust regulators have raided more German automakers, days after they made a similar swoop on the offices of BMW. It’s a fresh blow to the country's beleaguered auto industry.
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