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Business as usual for Siemens in Russia

2014-03-26 63 Dailymotion

It's business as usual for Germany's Siemens company in Russia, as CEO Joe Kaeser sits down with President Vladimir Putin.<br/> <br />(SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING:<br/> <br />"Siemens has been in the Russian market for 160 years, and today it is present in practically every branch of the Russian economy."<br/> <br />The meeting comes as Western nations have warned that Russia could face damaging economic sanctions if it takes further action to destabilize Ukraine following the seizure of Crimea.<br/> <br />(SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING:<br/> <br />"Just over the last two years, the group invested about 800 million euro in Russia which is very significant."<br/> <br />(SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING:<br/> <br />"Cooperation is developing very well with Siemens and other German companies. Last year, we had a record turnover of 75 billion euro."<br/> <br />The German CEO, says he faced no pressure from the government over his pl

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