German industrial giant Siemens has announced it plans to end its industrial operations and all industrial business activities in Russia after 170 years of operation.

The company said in a statement that it “will exit the Russian market as a result of the Ukraine war.”

“We condemn the war in Ukraine and have decided to carry out an orderly process to wind down our industrial business activities in Russia. This was not an easy decision, given our duty of care for our employees and long-standing customer relationships, in a market where we have been active for almost 170 years. We are evaluating the impact on our people and we will continue to support them to the best of our abilities. At the same time, we provide humanitarian assistance to our colleagues and the people of Ukraine and stand with the international community in calling for peace,” said Roland Busch, president and CEO of Siemens AG.

Siemens has halted new business and international deliveries to Russia and Belarus since the beginning of Russia’ invasion of Ukraine on February 24. The company employs 3,000 people in Russia and its activities in the country span energy, communications, technology and travel sectors. The company worked on high-speed trains that now serve the Moscow–St. Petersburg route.

Cybersecurity Help statement on the critical situation in Ukraine

On February 24, people in many cities and towns across Ukraine woke up to the sounds of explosions and artillery fire, as the Russian Federation launched a full-scale invasion of the country. Such actions are unacceptable, political ambitions of any man aren’t worth of blood, tears, and destruction of millions of lives. We give our full support to the Ukrainian people in these hard times. No more war! Слава Україні!