You are here: Home » Reuters » News
Business Standard

Siemens says Crimea turbines claims only against TPE

Reuters  |  MOSCOW/FRANKFURT 

MOSCOW/FRANKFURT (Reuters) - German engineering firm has filed lawsuits against a Russian state firm to which it sold turbines, while a Russian joint venture was only named in documents for technical reasons, a spokesman said.

documents seen by listed state firm Technopromexport (TPE) as a defendant, along with Gas Turbine Technologies LLC (SGTT), a St Petersburg-based turbine-making joint venture in which has a majority stake.

TPE is the firm that originally bought the turbines, saying it intended to install them in a power station in Taman, southern Russia.

It is also building two power stations in for which the Siemens-made turbines are intended, according to three sources close to the project. EU firms are forbidden by sanctions from selling energy technology to

The spokesman said: "All claims in substance go against TPE. However, since we sued as AG and not as SGTT (who is party to the Taman contract) our Russian legal experts came to the conclusion that technically we also needed to name SGTT."

The lawsuits were filed on Tuesday in the Moscow city arbitration court, according to the documents seen by The documents did not include any details on the reason for the lawsuits.

(Reporting by Oksana Kobzeva, Gleb Stolyarov, Anastasia Lyrchikova and Georgina Prodhan; Writing by Christian Lowe and Georgina Prodhan; Editing by Dmitry Solovyov and Victoria Bryan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU