This was reported in the company's financial report for the third quarter of the financial year.

“The restructuring activities are expected to be completed by the end of the current financial year with no further significant financial implications,” the statement said.

According to the company, losses as a result of the start of the restructuring of activities in Russia amounted to €200 million.

Earlier, the head of the company, Christian Bruch, said that Siemens Energy could continue servicing equipment for Nord Stream 1, despite the planned withdrawal from Russia.