World Cup 2018

S&P says higher costs to hit Russia WC

April 17, 2013
By Associated Press
MOSCOW -- Many of the Russian cities hosting the 2018 World Cup will have trouble finding the money to build soccer stadiums and improve transit links and other infrastructure, the Standard & Poor's ratings agency has warned.

Seven of the 11 Russian host cities will have to borrow money or receive much more support from the federal government than is now planned, the U.S. ratings agency said.

Unless the Russian government steps up its funding "the current poor state of municipal ...

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