Russia: A government decree said spending on the tournament would now be limited to 631.5 billion roubles and Sports Minister Vitaly Mutko said most of the cuts would be in the number of hotels built, according to Euro News. Of course it a question of optimising the preparations. Russia has been forced to trim spending because of economic problems worsened by the collapse of global oil prices and economic sanctions imposed on Moscow over its role in the crisis in Ukraine. We’re primarily taking out the excess hotels, he was quoted as saying by R-Sport, which is part of RIA news agency. President Vladimir Putin says he is confident Russia will host the finals despite investigations into alleged corruption at FIFA and how Russia was awarded the 2018 finals. Dmitry Efimov, a representative in Russia for soccer governing body FIFA, later told R-Sport: This is a reflection of the difficult economic situation but this should not have a negative effect on the event itself.
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Tagged under Russia, economic sanctions topics.