Moscow crt again rejects Siemens motion to block Crimean turbines

MOSCOW, Sep 8 (PRIME) -- The Moscow Arbitration Court has again rejected a request of Germany’s Siemens to arrest and block construction of turbines in Crimea as an injunctive remedy under its suit against subsidiaries of state industrial corporation Rostec, as seen by PRIME on Friday in the federal register of arbitration proceedings.

Siemens said that the court should block construction of the turbines because if the company wins the suit, it will spend a considerable time and funds to deconstruct the turbines, and the return of the turbines to the claimant will be difficult or impossible. The company also thinks that construction and exploitation of the turbines will significantly reduce their cost.

“The judge…studied Siemens AG’s claim on an injunction under the suit…including voiding the deal and introduction of consequences of the cancellation of the deal…and ruled to reject the request of Siemens AG to introduce provisional measures,” the materials read.

Siemens said in July that all the four turbines meant to be used on a Russian power plant on the Taman Peninsula were illegally shipped to Crimea, forcing the company to cancel its licensing agreements to sell power equipment to Russian firms and suspend the current agreements with state-run companies.

Later the company filed a suit against Rostec’s affiliates over alleged deliveries of its turbines to Crimea and demanded that the turbines be arrested. The court scheduled a preliminary hearing of the suit for September 18.

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