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Russia’s $0.5 bln FIFA World Cup spending cuts ‘no sensation’ — organizing committee

June 22, 2015, 15:29 UTC+3 MOSCOW
Hotels and extra-budgetary funds are a living organism that responds to market changes, Organizing Committee Head Alexey Sorokin explains
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2018 FIFA World Cup Organizing Committee Head Alexey Sorokin

2018 FIFA World Cup Organizing Committee Head Alexey Sorokin

© ITAR-TASS/Sergey Fadeichev

MOSCOW, June 22. /TASS/. The Russian government’s decision to cut spending on the 2018 FIFA World Cup preparations by about 30 billion rubles ($560 million) came as no surprise for the global football event organizers, Organizing Committee Head Alexey Sorokin said on Monday.

The government’s legal information web portal posted information on Monday that Russia’s spending on the 2018 FIFA World Cup preparations would be cut by 30 billion rubles. Under the government’s resolution, expenses on the program were cut from 660.6 billion rubles ($12.3 billion at the current exchange rate) to 631.5 billion rubles ($11.78 billion).

"This [the decision to cut expenditures] was no sensation," Sorokin told TASS news agency.

"Hotels and extra-budgetary funds are a living organism that responds to market changes. The main thing is that we’re complying with all the FIFA requirements. All investments in the required infrastructure for the world champion will be made," the Organizing Committee head said.

According to the document, 335.2 billion rubles ($6.26 billion) will be allocated from the federal budget, 97.2 billion rubles ($1.8 billion) from regional budgets and 199.2 billion rubles ($3.7 billion) by organizations.

Russia won the bid to host the 2018 World Cup over four years ago in a tight race against the joint bid from England, Portugal and Spain and the joint bid on behalf of Belgium and the Netherlands.

Russia selected 11 host cities to be the venues for the matches of the 2018 World Cup and they are Moscow, St. Petersburg, Sochi, Kazan, Saransk, Kaliningrad, Volgograd, Rostov-on-Don, Nizhny Novgorod, Yekaterinburg and Samara.

The matches of the 2018 World Cup will be held between June 14 and July 15 at 12 stadiums located in the 11 mentioned above cities across Russia. Two of the stadiums are located in the Russian capital.

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