Russia Increases World Cup Subsidies By $13 Million

MOSCOW (AP) — Russia has increased its government subsidies for the World Cup by $13 million amid concerns over the legacy of the tournament. Two government orders allocate an extra 481.6 million rubles ($7.6 million) for temporary World Cup infrastructure and 334.2 million rubles ($5.3 million) to the state company responsible for maintaining the stadiums. That takes total spending on the World Cup to around 679 billion rubles ($10.7 billion), though that doesn't include some key spending on infrastructure. Analysis by Russian business news outlet RBK has put the total spend closer to $14 billion, which would make the World Cup the most expensive ever. Several Russian regional officials have asked for more federal spending after the World Cup to stop the stadiums losing millions of dollars a year, since they are expensive to maintain and often several times larger than the average crowd for Russian league games. Read more on NewsOK.com

Topics:  moscow ap    analysis   rbk   several russian   read   newsok    russia   world cup   russian   subsidies   million   billion   spending   rubles   government   infrastructure   expensive   total   stadiums   

 

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