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Siemens CEO Kaeser meets Russian President Putin

The localization of industrial value creation and the development of Siemens' investments in Russia were intensively discussed at the meeting. Putin praised Siemens for its contribution to the modernization of Russia's infrastructure and its expansion of industrial value creation in Russia for the domestic market and for export. On Siemens' behalf, Joe Kaeser expressed the company's great interest in deepening the partnership that has linked Siemens and Russia since the opening of the company's first Representative Office in St. Petersburg in 1853.
Putin and Kaeser underscored the importance of intensifying the European-Russian partnership and expanding cooperation between the European Union and Russia. "It's in our mutual interest to fill the neighborhood with even more life and to jointly tap our economic and political potential more extensively," said Kaeser. For his part, he would foster and support this endeavor as much as possible, he added.
Siemens has been active in Russia for 160 years and currently has about 3,500 employees in the country.

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Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world's largest provider of environmental technologies. Around 40 percent of its total revenue stems from green products and solutions. In fiscal 2012, which ended on September 30, 2012, revenue from continuing operations totaled €78.5 billion and income from continuing operations €4.7 billion (incl. IAS 19R and reclassification of the solar business into continuing operations). At the end of September 2012, Siemens had around 370,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at:
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Wolfram Trost

Siemens AG

Wittelsbacherplatz 2
80333 Munich

+49 (89) 636-34794