By Max Bernhard
Russia's Technopromexport demanded to annul parts of a sales agreement between it and Siemens AG (SIE.XE) for four gas turbines, the German company said Monday. The sales agreement is already the subject of a lawsuit brought against the Russian company by Siemens.
Siemens said it was aware of the counter claim and would respond in a court hearing scheduled for Wednesday, Oct. 18. The German corporation did not provide further comment, citing ongoing court proceedings.
In July, Siemens filed a lawsuit against Technopromexport, a subsidiary of Russia's state-owned Rostec State Corp, after learning that four turbines sold to the company and intended for use in Russia had ended up in Russian-occupied Crimea--possibly violating European Union sanctions.
With the lawsuit, the German corporation aims to revoke the deal. A first attempt by Siemens to have the turbines confiscated via an interim court order failed in August.
Write to Max Bernhard at [email protected]