Neftegaz and Energy LLC, the Russian division of German Siemens Energy, St. plans to file for bankruptcy at the St. Petersburg Arbitration Court. This was reported by TASS With reference to data published in the Unified Federal Register of Bankruptcy Information (Fedresurs).
Reasons for this include the inability to continue operating in the long term, creditors’ refusal to resolve disputes, virtual cessation of business and insufficient profitability.
In May last year, Siemens decided to leave the Russian market due to the situation in Ukraine. In October, the company sold its assets in the Russian Federation, including its STGT stake.
As stated, the bankruptcy petition can be withdrawn if supplies and works are resumed and creditors agree on a settlement agreement.
The other day, it became known that Systems LLC, a subsidiary of Siemens AG in Russia (previously known as Siemens LLC), plans to start voluntary liquidation in February 2024 due to problems with imports.
Previously Danish companies stated About his plans to stay in Russia.