Economy

European Union extends sanctions against Russian Federation over Siemens

European Union extends sanctions against Russian Federation over Siemens”

The European Union on Friday added a number of Russian individuals and companies to a sanctions list for supplying equipment to projects in occupied parts of Ukraine. The latest additions complement a blacklist that already contains 150 people and 37 entities subject to an asset freeze and a travel ban over the turmoil in Ukraine.

The European Commission has made a decision to broaden sanctions against Moscow on Friday.

There was no immediate reaction from the Kremlin.

"Establishing an independent power supply for Crimea and Sevastopol supports their separation from Ukraine, and undermines the territorial integrity, sovereignty and independence of Ukraine".

Siemens said Russia had "illegally moved to Crimea against clear contractual agreements" four gas turbines the firm delivered for a project on the Russian mainland in Krasnodar region.

The latest tightening comes in response to the delivery of Siemens' SIEGn.DE gas turbines to Crimea in violation of European Union sanctions, which bar doing business there since the annexation that has not been internationally recognised.

The turbines were originally sold by German company Siemens for use in other parts of Russian Federation and were then transferred to Crimea, according to the company.

The companies hit by sanctions are the firm that bought the turbines, the current owner of the machinery, and a firm that specialises in setting up power plants in Crimea.

The German government has expressed anger over the "completely unacceptable" turbine delivery to Crimea and pressed Siemens for answers.

"Responsibility for this decision, including the possible economic costs of Siemens and other German companies, as well as European companies operating in Russian Federation, lies entirely with the EU and the German government", it said.

The EU has said it is ready to retaliate if the U.S. sanctions hurt EU energy firms, amid fears the American measures could interfere with a German-backed pipeline with Russian Federation.



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