Tag Archive for Tag: Russia

Tag: Russia 2018 World Cup Russia: Heading towards excesses

Yet another expenditure record While the heart-stopping finish of the World Cup preparations is keeping the world’s eyes on Brazil, troubles are quietly brewing in the next host country. The paint is barely dry on Russia’s Winter Olympics facilities, but the nation is already gearing up to host the next mega-event. As with Sochi, which cost at least US$51 billion, the 2018 FIFA World Cup is en route to becoming the most expensive ever. A 2013 government act (Postanovlenie 518) fixed the minimum budget at $21 billion (660 billion rubles) – and that’s just for hosting the event. As the Chairman of the Organising Committee, Igor Shuvalov, remarked: “We have trimmed absolutely everything. There is nothing obsolete, not a single obsolete object. [We have kept in the budget] only what is associated with the World Cup”. Yet, even this bare bones event comes in at almost double the current estimated

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