The Moscow Arbitration Court today rejected a claim by Siemens that the sale of power turbines that were delivered to Ukraine’s Russian-occupied Crimea region was invalid, according to Seeking Alpha. The court rejected a reversal of the deal about four months after the same court denied a request by Siemens to seize the gas turbines and to ban their installation ahead of preliminary hearings.
Siemens lodged a lawsuit against Russian state firm Technopromexport in July, after it emerged that at least two gas turbines delivered to Russia were re-routed to Crimea, in violation both of European sanctions and a contract with the company. The court also denied Technopromexport a counterclaim against Siemens. Possible future appeals from both sides may come in the future.
In August, the same court rejected a request by Siemens to seize its gas turbines, which had turned up in Crimea contrary to EU sanctions. Russia is under Western sanctions for its involvement in the Ukraine crisis, including Moscow’s annexation of Crimea in 2014.
In August, the EU widened sanctions against Russian companies and persons, including Technopromeksport, in response to the transfer of the turbines to Crimea.
Tagged with Siemens