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Russia Won't Score Big From $11 Billion World Cup, Moody's Says

  • Soccer tournament will have only ‘short-lived’ economic effect
  • World Cup likely to have less impact than 2014 Sochi Olympics

Photographer: Mladen Antonov/AFP via Getty Images

Russian soccer fans aren’t holding out much hope that their national team will emerge victorious when the 2018 FIFA World Cup kicks off next month. Russia’s economy won’t be a big winner either, according to Moody’s Investors Service.

The economic benefit of hosting the world’s most-watched sporting event will be “very limited” and “short-lived,” analysts from the rating company said in a report published Thursday. “The impact is likely to be even lower” than the 2014 Winter Olympics hosted by Russia in Sochi, “which developed an under-built resort area that is more accessible than many of the regions where the World Cup will be staged.”