PRESS: Siemens turbines in Crimea via Rostec secondary market deal

MOSCOW, Aug 24 (PRIME) -- Four Siemens turbines were supplied to Crimea after affiliate of Russian industrial holding Rostec Technopromexport bought them for a plant in the Krasnodar Region from Siemens and resold to another Rostec subsidiary, business daily Kommersant reported on Thursday, citing court documents.

“Siemens Gas Turbine Technologies, Siemens’s joint venture with Power Machines of Alexei Mordashov, sold four gas turbines Siemens SGT5-2000E to joint-stock company Technopromexport (went bankrupt in March 2017) in March 2015. Then, in October 2015, the joint-stock venture resold the turbines to limited-liabilities company Technopromexport, which is building two power plants in Crimea for 152.4 million euros, according to documents of arbitration courts,” Kommersant reported.

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.

The E.U. later added three Russians and three legal entities in its blacklist over the Siemens scandal.

Rostec continues to insist on the Russian origin of the turbines, including on their modifications in Russia.

A representative of Technopromexport declined to comment on the information. “We do not comment on the information,” he told PRIME.

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