The latest trading day saw Siemens AG (SIEGY) settling at $95.43, representing a -0.84% change from its previous close.
Prosecutors in Hamburg charged four Germans and one Swiss-French citizen with violating sanctions by helping export Siemens gas turbines to Crimea, the Ukrainian peninsula annexed by Russia, a prosecution spokesperson said on Wednesday. According to the charge sheet, first reported by Wirtschaftswoche magazine, the five knew when they helped export the turbines, worth 111 million euros ($120.11 million), from Hamburg to St. Petersburg that their ultimate destination would be two power plants in Crimea. A Siemens spokesperson said it continued to support authorities with their inquiries, as they had since the they first learned of the case in 2016.
The latest trading day saw Siemens AG (SIEGY) settling at $94.82, representing a -0.21% change from its previous close.