Rail company seals SFr240m Russian deal

Stadler Rail has signed a SFr240 million ($289 million) deal to supply railway components to a Russian company.

This content was published on July 12, 2011 minutes and agencies

The deal was announced by Economics Minister Johann Schneider-Ammann on the third day of his four day trade mission to Russia.

Stadler Rail will supply Russian train manufacturer Transmasholding (TMH) with 100 diesel-powered drive components, which will be installed in 50 trains.

The prototypes are due to be delivered at the end of 2012 and the first trains incorporating the parts to be put into circulation in 2014.

Also on Tuesday, Schneider-Ammann met his Russian counterpart Elvira Nabiullina to discuss on-going negotiations for the establishment of a free-trade agreement within the context of the European Free Trade Association, and Russia’s desire to join the World Trade Organization (WTO).

“It’s a long process,” said Schneider-Ammann on the question of when Russia might be admitted to the WTO. “There is still a lot of work to do and details to resolve.”

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?