Russia

Vladimir Putin announced the appointment of Taymuraz Bolloev as President of the Olympstroy State Corporation, responsible for delivering venues and infrastructure for the Sochi 2014 Olympic Games.

Dmitry Chernyshenko, CEO of Sochi 2014, yesterday made a presentation to the IOC Truce Foundation Board on a series of actions that Sochi 2014 will take to embrace the Olympic Truce concept.

The press office of the Deputy Prime Minister of Russia said the Government has managed to save 15 per cent of the overall cost of infrastructure and Olympic venues construction projects.

The Sochi 2014 Organising Committee agreed its first Tier One partnerships for the 2014 Olympic Winter Games, with telecoms companies Rostelecom and MegaFon. The deals are worth a combined $260 million.

The Sochi 2014 Organising Committee announced the release of the first Categories of Products and Services now open to top-tier domestic sponsors.

Russia unveils plans for a PGA-branded golf course and academy near Moscow.

Russia's progress towards becoming an international winter sports hub through the Sochi 2014 Olympic and Paralympic Winter Games was praised by FIS Alpine Skiing World Cup Chief Race Director.

Sochi 2014 welcomed the appointment of a new Deputy Prime Minister of Russia who will be solely focused on Olympic preparations and governance for the 2014 Winter Games.

The Mayor of Sochi, Vladimir Afanasenkov, presented his vision for the Sochi 2014 Winter Olympic Games and its lasting legacy for millions of Russians.

The venue plan for the Sochi 2014 Winter Olympic Games has been finalised and approved by the IOC during a visit by its co-ordination commission team led by Gilbert Felli and Jean-Claude Killy.

Ten of the wealthiest businessmen in Russia, including Roman Abramovich, the owner of English Premier League club, Chelsea FC, are to back a multi-billion rouble Olympic funding programme, UK newspaper, The Times reports.

Sportswear manufacturer, Adidas, has agreed a sponsorship deal with the Russian Football Union (RFU) until 2018.

Russian Prime Minister Vladimir Putin will remain directly involved in the preparations for the 2014 Winter Olympics in Sochi according to the local organising committee.

Valentina Matviyenko, Governor of St Petersburg, said in a radio interview that St Petersburg will bid for the 2020 Summer Olympics. St Petersburg, Russia’s second largest city, bid for the 2004 Olympics but failed to be selected as one of the five candidate cities.

The Sochi 2014 Organising Committee appointed international audit and consulting company Ernst & Young as consultant partner for the selection of the enterprise resource planning (ERP) system.

Leading Russian businessmen have pledged just over £7 million in bonuses to the country's medal winners at the 2008 Beijing Olympics.

Russia is to launch a new Continental Ice Hockey League with 24 teams in September.

BoscoSport agreed a deal with the International Tennis Federation to become an international sponsor of Fed Cup by BNP Paribas.