Oligarchs’ Sochi Projects Set to Go Downhill in Record Time
Some of Russia’s richest businessmen have sunk billions in rubles borrowed from state banks into Olympics-related projects already running in the red.
Craig Mellow
February 22, 2014
Mascots sit on 25 ruble denomination coins, commemorating the upcoming Sochi 2014 Winter Olympics, in this arranged photograph at the OAO Sberbank headquarters in Moscow, Russia, on Friday, Dec. 27, 2013. Two bombings at a train station and on a trolleybus killed at least 26 people within 24 hours in the southern city of Volgograd, less than six weeks before Russia hosts the Winter Olympics, investigators said. Photographer: Andrey Rudakov/Bloomberg
Andrey Rudakov/Bloomberg
