Tuesday, 19 March 2013
Expert on Putin's winter Olympics: "A monumental waste of public money"
You cannot blame Vladimir Putin for neglecting his friends. Bloomberg tells us that the dictator's boyhood friend and former judo partner Arkady Rotenberg's companies have been awarded 227 billion rubles ($7.4 billion) of contracts for the 2014 Sochi Winter Games. That is more than the entire budget for the 2010 Vancouver Olympics, although it represents only about 15% of the estimate for the Sochi events.
This is how an expert rates the most expensive - and probably also most corrupt - winter Olympics ever: