Skip to content
Edit post

French engineering company Alstom will leave Russia before 2024

by Rachel Amran November 18, 2023 1:04 AM 1 min read
(GUILLAUME SOUVANT/AFP via Getty Images)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

The French engineering giant Alstom plans to sell 20% of its stake in the Russian railcar manufacturer Transmashholding (TMH) by the end of 2023, Interfax news agency reported on Nov. 17, citing the general director of TMH, Kirill Lipa.

Information about the timing and the amount that was paid to buy out the 20% stake was not revealed.

A month after the outbreak of the full-scale invasion in 2022, Alstom announced the suspension of all supply deliveries and future business investments in Russia.

The remaining 80% of the shares belong to Russian shareholders, including Lipa himself.

Transmashholding is the only manufacturer of passenger railcars in Russia. It also produces locomotives and rail equipment.  

Ukraine war latest: Ukrainian Marines say Russia has suffered close to 3,500 casualties in Dnipro River battles
Key developments on Nov. 17: * Ukrainian Marines: Russia has suffered close to 3,500 casualties in Dnipro River battles * BBC: 20,000 Ukrainian men have illegally crossed border since February 2022 * Zelensky: Kremlin planning campaign to destabilize Ukraine, potential coup * Dutch defense mini…
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
11:10 PM

Decorated Ukrainian pilot killed in action.

Lieutenant Colonel Vasyliuk, the brigade’s chief of staff and a deputy commander of an aviation squadron, was killed “recently” while conducting a combat mission, the brigade said.
7:12 PM

Zelensky: 'Our partners fear that Russia will lose this war'.

President Volodymyr Zelensky believes that Ukraine's partners "are afraid of Russia losing the war" and would like Kyiv "to win in such a way that Russia does not lose," Zelensky said in a meeting with journalists attended by the Kyiv Independent.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.