"There is a deficit budget for the year 2015. The organizing committee will rely on donations from individuals," Mutko, who is also the organizing committee's chairman, told journalists at its fourth meeting.
Sorokin made the statement as the ruble depreciated on the back of a global decline in oil prices and Western sanctions imposed against Moscow over its alleged interference in the situation in Ukraine. In 2014, the ruble has so far lost over 40 percent of it value against the dollar.
World Cup 2018 Preparation Free of Major Problems Requiring Governmental Help
"[There are] no major problems, that would require government's decisions on the World Cup," Mutko, who is also the organizing committee's chairman, speaking with journalists at its fourth meeting.
The sport minister also added that the cost of building stadiums for the World Cup has not changed, but "the situation on the market could introduce [price] adjustments."
On December 2, 2010, Russia was awarded the right to host the 2018 FIFA World Cup. The football championship will be hosted by 11 Russian cities: Moscow, Ekaterinburg, Kaliningrad, Kazan, Nizhny Novgorod, Rostov-on-Don, Samara, Saransk, Sochi, St. Petersburg and Volgograd.
