Putin briefs Merkel, Hollande on steps to implement Syrian ceasefireRussian Politics & Diplomacy January 18, 20:39
Putin, Merkel, Hollande agree to give fresh impetus to Normandy Four activitiesRussian Politics & Diplomacy January 18, 20:26
Russian Eurobonds may be floated in spring 2017 — finance ministerBusiness & Economy January 18, 19:48
Russia, Turkey report 14 ceasefire breaches in Syria per dayWorld January 18, 19:17
Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
OSCE says preparations for talks on Transnistria to begin in near futureWorld January 18, 18:15
About 1,500 officials may attend Arctic ForumBusiness & Economy January 18, 17:38
MOSCOW, January 22. /TASS/. The Russian government is considering various measures to cut costs of stadium construction for the 2018 World Cup following ruble devaluation and mounting inflation.
This decision was made at a Tuesday meeting chaired by First Vice Premier Igor Shuvalov, who leads the coordination council for the World Cup preparations.
An opportunity of alterations in stadiums (with replacement of a portion of fixed seats by temporary ones), abolishment of a mandatory bank guarantee, actual inflation amendment in government contracts for calculation of future prices, and zero tax duties on imported construction materials were among the discussed measures.
A total of 300 billion rubles (over $4.5 billion) will be allocated for the construction and refurbishment of stadiums. Russia will host the World Soccer Cup from June 14 to July 15, 2018. Twelve stadiums will be built and renovated in Russian cities for the tournament.