Germany, Russia to ink multibillion deals
YEKATERINBURG. July 15. KAZINFORM German Chancellor Angela Merkel and Russian President Dmitry Medvedev are expected to oversee the signing of an array of deals between German and Russian companies worth billions of dollars; Kazinform refers to China Daily.
In one of them, Siemens AG and Russian Railways will sign a euro 2.2 billion ($2.8 billion) contract for more than 200 new regional trains for Russia.
Siemens earlier sold eight trains to Russian Railways which are now running between Moscow and St. Petersburg in Russia's first high-speed train route.
Germany is Russia's major trading partner with the trade between two countries topping $15 billion in the first quarter of the year; Kazinform cites China Daily.
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