Russia Slashes $560 Million From World Cup 2018 Preparations

© Sputnik / Alexey Kudenko / Go to the mediabankRenovation of Luzhniki stadium for 2018 football World Cup
Renovation of Luzhniki stadium for 2018 football World Cup - Sputnik International
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The number of hotels planned for construction would be decreased. The cuts will not affect the construction of stadiums.

MOSCOW (Sputnik) – Expenses on the preparation of the World Cup 2018 that will be hosted in Russia have been cut back by $558 million, according to a government decision published on its website.

The tournament will now cost $11.7 billion.

Russia’s Sport Minister Vitaly Mutko told R-Sport that the number of hotels planned for construction would be decreased. The cuts will not affect the construction of stadiums.

The official emblem of 2018 FIFA World Cup Russia projected on the facade of the State Academic Bolshoi Theatre, Moscow - Sputnik International
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The World Cup 2018 football tournament will be held for the first time in Russia from June 14 through July 15, 2018.

Matches will take place in the Russian cities of Moscow, Kaliningrad, St. Petersburg, Volgograd, Kazan, Nizhny Novgorod, Samara, Saransk, Rostov-on-Don, Sochi and Yekaterinburg.

Russia won the World Cup bid in December 2010.

Russia's hosting of the World Cup tournament has come under scrutiny in recent weeks. In late May, Switzerland opened an investigation into the bidding process for World Cup host countries, specifically Russia in 2018 and Qatar in 2022.

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