Sunday, December 5, 2010

Critic: Long-Term Impact Unlikely from Russia's 2018 Investment

Critics argue that the $10 billion investment Russia plans for its infrastructure ahead of the 2018 World Cup won't be enough to make a long-lasting impact on its cities.

Yulia Tsyplyayeva, chief economist at Moscow's office of BNP Paribas, said Friday that Russia badly needs structural reforms but the World Cup is unlikely to give an impetus to them.

Russian cities to get hollow World Cup facelift
December 3, 2010