Financial Crime Financial Crime

EU companies stepping up Russia trade boycotts, with Siemens latest to freeze ties

By Joanna Sopinska
  • 02 Mar 2022 17:20
  • 02 Mar 2022 17:20
German engineering giant Siemens is the latest EU company to choose to sever ties with Russia over its warmaking in Ukraine despite the bloc only formally imposing a trade embargo on exports of critical high-tech products and dual-use goods.

"While we continue to review the extensive sanctions and their impact on our business,

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