13 May 2017, 11:06 GMT
ST. PETERSBURG (Sputnik) — He said that negotiations are on schedule and the contract is expected to be signed by year-end.
"We have identified the scope of work to modernize the Cuban railways and signed a protocol with the Cuban Union Railways for 1.8 billion euros," Misharin told reporters on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
The Rossiya Segodnya International Information Agency is the official media partner of the forum.
