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Siemens Power Equipment Supplies Halt to Russian Firms Aids Import Substitution

© REUTERS / Tobias Schwarz/File PhotoSaftey helmets are piled up for media representatives at the Siemens AG gas turbine factory hall in Berlin, Germany, November 8, 2012.
Saftey helmets are piled up for media representatives at the Siemens AG gas turbine factory hall in Berlin, Germany, November 8, 2012. - Sputnik International
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German conglomerate Siemens' suspension of power equipment supplies to Russian state firms on Friday facilitates the Russian import substitution program despite creating short-term disruptions, Russian lawmaker Vladimir Gutenev told Sputnik.

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Siemens Penalizes Own Interests by Voiding Russian Supplies Deal - Official
MOSCOW (Sputnik) — Gutenev, deputy chair of the State Duma's economic policy and business committee, noted that Siemens "does not have a monopoly on technology, and there is a fairly wide range of proposals from other countries, including in Southeast Asia."

"I think that the advantage of this opportunity, which on the one hand creates short-term inconveniences, on the other hand provides opportunities for unrestrained import substitution. We have the expertise," Gutenev said.

Last week, Siemens said it had received information from reliable sources that at least two of the four gas turbines, supplied for a project in southern Russia's Taman, had been moved to Crimea. The company said this development was a clear violation of supply contracts with Siemens, which ban the client from supplying equipment to Crimea.

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