FRANKFURT (Reuters) -Siemens Energy AG is stopping all new business in Russia, it said on Wednesday, in a response to the country's invasion of Ukraine.
"While we continue to review the extensive sanctions and their impact on our business, we have stopped all new business in Russia," a spokesperson said.
In its last fiscal year, Russia accounted for a low single-digit percentage share of its total sales, Siemens Energy said.
Former parent Siemens on Tuesday said it had also stopped all new business with, and international deliveries to, Russia.