Sochi 2014 Olympics in jeopardy!

Yesterday, General Director of "Rose Farm" Sergei Baccini letter was sent to the president "Sochi-2014" Dmitry Chernyshenko, in which he informs the organizing committee of the XXII Summer Olympic Games Sochi 2014 that the main creditor of construction of Olympic facilities in Sochi suspends allocation credits indefinitely.

In connection with the funding shortfall, LLC "Rose Farm", which belongs to the "Interros" Vladimir Potanin inform the organizing committee that some of the objects of the Sochi Olympics will not be delivered on time. According to sources the reason for this behavior is unclear VEB payback in some Olympic venues.

 

OOO "Rose Farm" is one of the leading developers of objects and builds the upcoming Olympics in Krasnaya Polyana objects such as a ski center, a snowboard park, freestyle center and the Olympic village in the mountain cluster. The cost, for example, the Olympic Village is 60 billion rubles of which only 9 billion will be invested LLC "Rose Farm", the remaining 50 billion - investments Vnesheconombank.

"Vnesheconombank has always fulfilled its obligations under the approved loans and no reason has never refused to grant funds to the borrower. This applies not only to the Olympic, but any projects financed by the bank. The delay in the transfer is only possible if the borrower at the time the funds are not fulfilled the conditions of the loan agreement ", - said the spokesman appeared in the newspaper information.

Vnesheconombank, according to the order of the Russian government, in 2014 will be able to receive subsidies from the federal budget to cover losses that may arise from transactions with investors, busy construction of Olympic facilities in Sochi.