Russia restructuring blamed for Siemens Energy 2022 losses

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Siemens Energy, the company known for wind tower generators located throughout Oklahoma and other wind-generating states blamed at $204 million charge Monday on the wind-down of its Russian business.

The company, with wind production plants in Hutchinson, Kansas and another in Iowa indicated its Russian business activities could be sold or wound down reported Reuters.

Click Siemens Energy blames Russia restructuring for wider 2022 loss