“The expenses for the Winter Olympics in Sochi turned out to be more than all expenses for all the sports structures at the previous 21 Winter Olympics put together,” the report says.
The games are expected to cost well over $50 billion, more than four times the original $12 billion budget set aside by Vladimir Putin in 2007. Putin sacked the official in charge of preparations back in February. That official then fled Russia and claims to have been poisoned.On top of this, of course, there are the usual but non-trivial questions about the wisdom of holding the Olympic Games on the edge of Russia’s historically unstable Caucasus region. With simmering conflicts and a re-emerging terrorist threat in the region, record-breaking corruption may be be the least of the games’ problems.[Olympic rings and Russian banknotes images courtesy of Shutterstock]