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Thread: Sanctions-schmanctions

  1. #21
    The Un-Holy One The Man's Avatar
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    Quote Originally Posted by PACE View Post
    SAP, another embarrassment for Germany:

    https://www.treasury.gov/resource-ce.../20140630.aspx
    Ah, thanks for the info

  2. #22
    The Un-Holy One The Man's Avatar
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    MUNICH (Reuters) - Germany's Siemens on Friday said it has renewed an offer to buy back gas turbines delivered to Crimea in breach of Siemens contracts and European Union sanctions.

    "Siemens did offer to repurchase all turbines before they were illegally moved to Crimea against clear contractual agreements," a Siemens spokesman said in a statement.

    "The offer was turned down and, as we have recently published in our statement, we renewed our offer to buy back the equipment and annul the original contract," the statement said.

    Crimea is subject to EU sanctions on energy equipment since Russia annexed the Black Sea peninsula in 2014.
    Siemens offers to buy back gas turbines delivered to Crimea | Reuters

    Pointless. They won't go for it. Putin doesn't care about the sanctions. Again, he has more important things at stake, namely - the 2018 Election.

    Putin promised Crimeans their own energy, independent from now hated Ukraine; he personally oversaw, from his throne in his situation room at the Kremlin, the launch of the "Energy Bridge" cable network from Russia to Crimea


    This delivers Russian power to Crimea, but is not as reliable as was hoped.

    Today, the system got shut down due to hot weather, leaving Crimeans without electricity for 90 minutes: Crimea suffers 90-minute peninsula-wide power outage due to hot weather on Russia's mainland

    Energy Bridge doesn't cut it. Crimea needs its own power plant. And Putin is determined to build them one, to assure himself the support of Crimeans next year. Siemens and their objections? Irrelevant and inconsequential...

  3. #23
    The Un-Holy One The Man's Avatar
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    (Reuters) - Russia delivered Siemens turbines to sanctions-hit Crimea after the German company declined to buy then back from Russia's Technopromexport (TPE), a TPE official said in statement.

    The delivery of the Siemens turbines to Crimea, which was annexed by Russia from Ukraine in 2014, sparked a scandal because Crimea is subject to EU sanctions on energy equipment.

    "In 2016, at the initiative of Technopromexport, Siemens was officially offered to buy back the turbines, an open tender was announced, but Siemens declined the offer," TPE said. "The turbines were sold to a different company."

    "As of today, the turbines have been modernized and and adjusted to meet the specific requirements of the (Crimean) project", the TPE added.

    The Crimean turbine scandal prompted Siemens to halt deliveries of power equipment to Russian state-controlled customers and reviewing supply deals.

    The industrial group said it now had credible evidence that all four gas turbines it delivered a year ago for a project in southern Russia had been illegally moved to Crimea, confirming a series of Reuters reports.

    (Reporting by Anastasia Lyrchikova and Gleb Stolyarov; Writing by Dmitry Solovyov; Editing by Denis Pinchuk)
    Russia's TPE says Siemens declined to buy back turbines later sent to Crimea | Article [AMP] | Reuters

  4. #24
    The Un-Holy One The Man's Avatar
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    Quote Originally Posted by The Man View Post
    Well, this is interesting:



    Russia detains CEO of turbine maker Power Machines: report | Reuters

    Mordashov

    He is one of Russia's biggest oligarchs, with a net worth of $12.7 billion: https://en.wikipedia.org/wiki/Alexei_Mordashov

    This is his yacht

    Russia’s richest billionaire Alexei Mordashov’s incredible £40million Lady M ‘super yacht’ dwarfs fishing boats as it arrives at Whitehaven

    He is not the richest. But, a VERY rich and powerful man indeed. One of his people being hauled in for questioning... Very, very curious...
    lol I was premature: Mordashov now IS the richest oligarch, he has now overtaken Leonid Mikhelson in the Forbes ranking: TASS: Business & Economy - Forbes: Owner of major steel company leads rating of Russia?s richest people

  5. #25
    The Un-Holy One The Man's Avatar
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    (Reuters) - The European Union on Friday imposed sanctions on three more Russians, including Deputy Energy Minister Andrei Cherezov, and three Russian companies over the delivery of Siemens' turbines to Moscow-annexed Crimea.

    The EU first introduced sanctions on Russia after the 2014 military takeover of the Black Sea peninsula from Kiev, and stepped them up repeatedly as Moscow then backed separatist unrest in the east of Ukraine.

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

    Siemens says it has evidence that all four turbines it delivered for a project in southern Russia had been illegally moved to Crimea.

    The Kremlin spokesman declined to comment earlier on Friday.

    After the EU announced the move, the state RIA news agency quoted Vladimir Dzhabarov, a deputy head of the international affairs committee of Russia's upper house of parliament, as saying Siemens operations in Russia may be curbed in response.

    The EU also said the blacklisted companies include Siemens' two Russian contractors that moved the turbines.

    EU's 28 states must be unanimous to go ahead with sanctions and diplomatic sources said Italy's opposition meant a fourth name had to be dropped from the initial German proposal.

    Diplomats in Brussels said the Russian energy ministry official is involved in bilateral cooperation with Italy and has since escaped being sanctioned. The Italian representation in Brussels did not immediately respond to a request for comment.

    Other EU sanctions on Russia target its energy, financial and arms sectors. 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.

    More than three years of coordinated EU and U.S. sanctions, however, have not forced a change of hand in Moscow, which vows to never give back Crimea and still supports the armed conflict in east Ukraine which has killed more than 10,000 people.

    (Additional reporting by POlina Devitt in Moscow, Writing by Gabriela Baczynska, Editing by Angus MacSwan)
    Russian deputy minister blacklisted in new EU sanctions over Siemens turbines to Crimea

    Many regular Russians are thrilled about this, based on online comments. People had wanted the rich bastards, the "elites", banned from owning properties and assets and travelling abroad altogether for many years. Now, it's finally happening lol

  6. #26
    Member tnbskts's Avatar
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    Is Siemens really so naïve as to not know what was going to happen?
    Thanks from The Man

  7. #27
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    MOSCOW (Reuters) - A Moscow court has rejected a request by Siemens to seize its gas turbines, which have turned up in Crimea contrary to EU sanctions, and to ban their installation ahead of preliminary hearings next month, the court's ruling showed on Sunday.

    The ruling by Moscow's Arbitration Court responded to a lawsuit filed by the German engineering firm Siemens against a Russian state firm in July after four turbines which it had sold for use in Russia turned up in the Moscow-annexed region.

    The court's report showed it had rejected Siemens' request to take possession of the turbines in an injunction ahead of preliminary court hearings into the dispute set for September 18.

    Reuters was the first to report this year that Russian firms had shipped the Siemens turbines to Crimea, which has been subject to EU sanctions on energy technology since Russia unilaterally annexed the region from Ukraine early in 2014.

    Moscow needs the turbines for two Crimean power plants the Kremlin wants to get running to fulfill a promise, made by President Vladimir Putin, to ensure a stable power supply for the region's residents.

    Crimea used to rely on the Ukrainian power grid but is now dependent on Russia for electricity.

    The violation of sanctions has prompted the EU to expand penalties against Russia. The new sanctions include Deputy Energy Minister Andrei Cherezov and three Russian companies.

    Moscow has said the EU decision to expand sanctions is politically motivated and illegal.
    Russian court rejects Siemens' plea to seize its turbines in Crimea

    A Russian court wouldn't rule against the interests of the Kremlin on request of a foreign company. Shocking. Absolutely shocking lol

    How fucking naive can these Siemens people be??? You CAN'T sue the government in Russia. Period. No Russian judge would get involved with shit like that. They all got careers, and lives, and families to think about...

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