posted on 9th Mar 2022 13:13
9 March 2022: Alstom is closely monitoring the dramatic situation currently happening in Ukraine. "The safety of our employees and their families is, as always, our first priority. A dedicated team has been set up to manage the situation since the beginning of the conflict, taking actions to best support them. Our thoughts are also with all the victims of this conflict. In addition to local initiatives from our teams around the globe, our solidarity towards the affected population will be primarily channelled through the Alstom Foundation."
The group will obviously comply with all applicable sanctions and laws and has decided to suspend all deliveries towards Russia. Alstom is owning as a capital investment a 20 % stake in Transmashholding. There was no material business nor operational link between Alstom and TMH. The book value will be re-assessed as part of the fiscal year 2021/22 closing accounts. Alstom also confirms suspending all future business investments in Russia.
Alstom was developing a partnership project with UZ, including locomotive supplies and associated services. Current discussions on this project have been suspended due to the context. Alstom has expressed its deep solidarity with UZ during this dramatic time.