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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Joanna Sopinska

Senior Correspondent

Joanna covers trade in Brussels. Formerly trade editor of EU Trade Insights, she has many years' experience reporting on trade, investment policy and foreign affairs. Before that, she spent nine years at Europolitics news agency writing on trade, agriculture policy and foreign affairs. Before moving to Brussels in 2006, Joanna worked as an analyst at the Polish Institute of International Relations (PISM) in Warsaw.

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