Russia cuts World Cup costs by $79 mln

  • 2/5/2023
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MOSCOW, Jumada I 16, 1437, February 25, 2016, SPA -- Russia has decided to cut its spending on the 2018 World Cup by 6 billion roubles ($79 million), a state decree posted on a government website showed on Thursday, according to Reuters. Russia has already made cuts in its budget for the tournament as falling prices for its oil exports and Western sanctions imposed on Moscow over its role in the Ukraine crisis squeeze the economy and government revenues. The total costs of the 2018 World Cup have now been cut to 620.9 billion roubles ($8.2 billion) from 626.9 billion roubles, Thursday's decree showed. --SPA 22:22 LOCAL TIME 19:22 GMT www.spa.gov.sa/w

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