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Siemens CEO meets Putin, highlights close German-Russian ties

  • Siemens (SI) CEO Joe Kaeser handed Vladimir Putin a propaganda victory today when he met the Russian president in Moscow and talked up Germany and Russia's special economic relationship.
  • Siemens isn't the only company continuing to conduct business in Russia; German industry has been working in effect to establish an informal diplomatic channel in a bid to prevent an all-out economic war.
  • Germany is among Russia's top economic partners, with €56.3B in total trade between the two countries last year; Siemens' €2.17B in Russian sales for the fiscal year through September accounted for 2.9% of the company's total revenue.
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Comments (2)
  • june1234
    , contributor
    Comments (3372) | Send Message
    so much for WWIII
    26 Mar 2014, 07:35 PM Reply Like
  • Energysystems
    , contributor
    Comments (1728) | Send Message
    Who talks up a country that represents 2.9% of total revenue? Weak.
    26 Mar 2014, 08:56 PM Reply Like
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