Germany’s Initiative Group wants to provide up to ‎€2 billion to finance the Moscow-Kazan high-speed railway, according to the Vice President of Russian Railways (RZD) Aleksandr Misharin.

“We have a proposal from our German colleagues on signing a similar [Russia-China – Ed.] memorandum on cooperation, where they make commitments on financing of up to €2 billion in the project on various conditions,” Misharin told reporters on Friday.