Russia slices $18bn World Cup 2018 budget

Friday 15th March, 2013

World Cup 2018 The Russian government won’t spend any extra money from the federal budget on 2018 World Cup preparations it is obliged to in accordance with the agreement with football’s governing body, FIFA. The regions have requested 540 billion roubles (around $18 billion) from the federal government to get ready to stage the big event in five years’ time. That sum turned out to be lower than earlier estimates by the Sports Ministry of from 1.4 trillion to 622 billion roubles, but First Deputy Prime Minister, Igor Shuvalov, still called the demands overblown. The government discusse…

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