Russian economy

MOSCOW: Foreigners travelling to Russia for the FIFA World Cup 2018 are likely to spend 100 billion Rubles ($1.6 billion) and more, the Russian Ministry of Economic Development has forecast according to a report in TASS, the country’s state news agency. 

Maxim Oreshkin, the minister of economic development also opined that the anti-Russian sanctions imposed by the European Union in the wake of the Ukraine crisis, won’t have a negative impact on the World Cup and the national economy during the tournament.