German company Linde does not intend to continue working in Russia for the foreseeable future
HOUSTON (USA), 6 March – RIA Novosti. The head of the company, Sanjeev Lamba, told RIA Novosti that the German engineering company Linde has stopped participating in projects in Russia due to sanctions imposed by Western countries and does not intend to continue working in the country for the foreseeable future.
Linde is one of the world’s leading manufacturers of industrial gas and related engineering solutions. Linde acted as a licensor for natural gas processing and liquefaction technologies in Russia. In July, he said that after multiple economic sanctions against Russia, it was evaluating the company’s ability to exercise control over its Russian subsidiaries and decided it could no longer do so. As a result, Linde “deconsolidated” its gas and engineering business in Russia.
Rushimalliance demanded that Linde return the advance and compensate the losses.
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