17:51 08.09.2017

Court once more rejects Siemens request to impound turbines supplied to Crimea

Court once more rejects Siemens request to impound turbines supplied to Crimea

Arbitration court in Moscow has once more rejected a Siemens request to impound the turbines that were diverted to Crimea, according to the case file in the arbitration suit.

The plaintiff, Siemens, requested that the court impound the four turbines, because Tekhnopromexport is working to install them.

In its filing, Siemens argued that the turbines are complex industrial power equipment. "De-installation the gas turbines would entail significant expenditure of time and money and return of the turbines would be difficult if not impossible. Moreover, installation of the disputed turbine complexes and their subsequent operation by the defendant would entail significant decrease in the value of the turbines, since in that case the equipment would be exposed to wear and tear and would be considered second-hand equipment. This circumstance would entail significant losses for the plaintiff," Siemens said.

Siemens filed suit against Tekhnopromexport, which is installing the Siemens equipment in Crimea, despite a prohibition and EU sanctions.

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