Russia cuts 2018 World Cup budget due to recession

Moscow, Aug 6 (IANS)Russia  Russian has made another cutback to the budget for the 2018 FIFA World Cup due to the harsh recession plaguing the national economy.

A total of 151.4 million rubles (around $2.5 million) have been removed from the budget of the organising committee, after a previous budget reduction last June, when the Russian authorities took out 30 billion rubles (over $560 million), reports Efe.

Russian Sport, Tourism and Youth Minister Vitaly Mutko, who announced earlier this year a 10 percent budget cut, said that the reduction will mainly affect hotels.

Currently, the budget amounts to around 630 billion rubles ($10 billion), but devaluation of the national currency could force other changes to initial plans.

Half of this amount will be allocated to building transportation infrastructure, such as airports and roads, while one-third will be devoted to the construction of stadiums and other sporting facilities.

Russian President Vladimir Putin confirmed that despite the recession, Russia will not give up, and the organisation of the World Cup and will not spare any expense in making fans from around the world “feel at home”.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here