CZ/SK verze

War in Ukraine: Alstom confirms suspending all future investments in Russia

War in Ukraine: Alstom confirms suspending all future investments in Russia
photo: Alstom press materials/Alstom train
10 / 03 / 2022

Another major player in the railway sector reacts to the situation in Ukraine. Alstom confirms suspending all future investments in Russia. Alstom also holds a 20% share in TMH (Transmashholding) as capital investment. They intend to re-assess the book value as part of the fiscal year 2021/2022 closing accounts.

To quote the Alstom statement: “The Group will obviously comply with all applicable sanctions and laws and has decided to suspend all deliveries towards Russia.”

They were also heading toward a partnership project with UZ, a Ukrainian rail operator, but that has been suspended due to the invasion. Alstom expressed solidarity with UZ in these difficult times.

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