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Kremlin says Sochi funding problems will be overcome

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Russian president Dmitry Medvedev has said funding problems for the Sochi 2014 Winter Olympics arising because of the economic crisis will be overcome.

Russian president Dmitry Medvedev has said funding problems for the Sochi 2014 Winter Olympics arising because of the economic crisis will be overcome.

Reuters quotes Medvedev as telling a meeting of officials, held to discuss preparations for the Games, that delays were holding back the pace of the development.

However he said, “Despite the crisis, we will have to finance those volumes which were planned.

“These clauses in the budget are secure (from cuts).”