MOSCOW, March 23 (UPI) -- A decision by Siemens not to buy Russian power equipment would sent negative signals around the world, Anatoly Chubais said Wednesday.
The giant German electrical corporation is considering whether to buy Russian power machines in a huge deal, but Russian executives are increasingly concerned it may fall through.
If that happens, prospects for major Russian export deals on heavy industrial, power-generating equipment could be badly damaged around the world, Chubais, the chief executive officer of Unified Energy System of Russia told a press conference, Interfax reported.
"I talk with major European and American companies. For them this question is becoming a virtual landmark. The resonance is heavy, of course, if there is no final decision," Chubais said.
"I think the situation is bad when companies with a worldwide reputation say 'yes' at first, go through (with) the entire deal, and then they tell (the company), 'Oh dear,'" Chubais said.
"This is not right. The resonance is terrible. And the delay is just not normal."
