Germany's Siemens in multi-billion-euro Russian deal: source
German industrial group Siemens has won a major contract from Russian Railways to be signed during a visit by Chancellor Angela Merkel this week, government sources in Berlin said Tuesday.
The 2.2-billion-euro (2.8-billion-dollar) sale of regional trains is the second major coup for Siemens in Russia this year.
In May, a joint venture between Siemens and its Russian partner OJSC Sinara Transport Machines won a contract for 221 trains worth 1.1 billion euros.
Siemens chief executive Peter Loescher, who will be accompanying Merkel to Russia July 14 and 15, will sign the pre-contract with Russian Railways managers.
The company has dramatically expanded its business in the Russian railway sector.
Last December, the Russian railway group RZD signed a 580-million-euro order for up to 54 Siemens regional trains for the 2014 Winter Olympic Games in Sochi, a few days after a high-speed train built by Siemens began service between Moscow and Saint Petersburg.
Russia's railway service operates more miles (kilometres) of track than any other country in Europe, Siemens said.
-- Dow Jones Newswires contributed to this report --
© 2010 AFP