2018 World Cup: Russia reduces its budget by €475.3m, bringing it to €10.3bn

The organising committee of the 2018 World Cup announced a reduction of 29.2bn rubles, or about €475.3m (-4.5%) to the budget on the orders of Russian Prime Minister -- and former President -- Dmitry Medvedev on 22/06/2015. The budget of the 2018 World Cup is now 632bn rubles (about €10.3bn).

Russia is facing a serious economic crisis, due in...