Siemens logo is pictured at Siemens Healthineers headquarters in Erlangen near Nuremberg, Germany on October 7, 2016. REUTERS/Michaela Rehle
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Germany's Siemens tried to distance itself from a Crimean sanctions scandal Friday, halting deliveries of power equipment to Russian state-controlled customers and reviewing supply deals.Siemens has a 45.7 percent stake in the business.Munich-based multinational Siemens has been active for 170 years in Russia, where its primary activities are supplying energy equipment and rail technology.Siemens made sales of 1.2 billion euros ($1.4 billion) in Russia last year, about 2 percent of its total.It was not clear whether Russia might retaliate against Siemens by ending cooperation in other areas.
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