Germany’s Siemens Energy Chairman Defends Business With Rosatom
- Kaeser: Contract breach could cost almost unlimited sums
- Company supports Paks 2 nuclear power plant in Hungary
Joe Kaeser
Photographer: Andreas Gebert/BloombergThis article is for subscribers only.
Siemens Energy AG supervisory board chairman Joe Kaeser defended plans to continue doing business with Russia’s nuclear giant Rosatom Corp. in Hungary amid criticism that such deals help fill the Kremlin’s coffers.
Breaching the contracts, which were signed in 2019, could end up being very expensive, Kaeser told Welt am Sonntag.