Russia Spends Record $48 Billion on Sochi Olympics

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Nov. 27 (Bloomberg) -- A record $48 billion will be spent by Russia to host the 2014 Winter Olympics in Sochi. President Vladimir Putin's government is demanding that the country's biggest companies stand firm on commitments to bankroll the games. Bloomberg Markets investigates the skyrocketing costs of the games. This report is featured in the January issue of Bloomberg Markets. (Source: Bloomberg)

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