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Article

12 Apr 2021

Author:
National Anti-Crisis Management

Letter to Siemens regarding recent involvement with Minskenergo and TEC-5 despite alleged ongoing labour rights violations & environmental risks

We, the Member of Presidium of the Coordination Council of Belarus and economic body of National Anti-crisis Management, are writing to you regarding your recent involvement with Belarusian governmentally-held entities “Minskenergo” and “TEC-5”. As it is stated on the website of Eurasian Bank of development1 they are planning to loan 101 mln euros to aforementioned entities in order to purchase Siemens equipment. We would strongly recommend you to pull out of this deal and refuse to supply your equipment as you might get into violation of your ESG policies, work against 16th goal of UN Sustainable Development Goals, then you might expose your company to the risk of DJSI delisting, make your business practices look at least questionable to your stakeholders and put yourself, at best, in a grey zone of against German Law.

Considering the fact that COO of Siemens Energy LLC, Belarus Shishko Seregey, is a close relative of Lukashenko’s close friend Dmitri Baskov, winning numerous contracts for power grid renovation from Belarusian government during last year by this organisation looks shady and might raise a question of Siemens being a part of corruption schemes. Needless to remind, that against Baskov and Lukashnko sanctions are imposed. Any affiliation with them can be of serious negative consequences for Siemens.

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