German business invests in Russia almost 3 billion euros

German business invests in Russia almost 3 billion euros

German business invests in Russia almost 3 billion euros

Group of companies "German Initiative" is ready to invest in construction of high-speed Russian line (HSL) Moscow - Kazan about € 2.7 billion.

This was told by first vice-president of Russian Railways Alexander Misharin.

"Today we are talking about investments of about € 2.7 billion. But the allocation of money - is not the only condition. It is important the conditions they are given, that is, whether it is the localization of production standards, whether it requires government guarantees, and so on ", - said Misharin.

He also added that these issues will be spelled out in the draft of intergovernmental agreement, which "German Initiative" promissed to provide in November 2016.

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