High stakes At The Olympic Winter Games In Sochi
Vladimir Putin must be worried.
Six-and-a-half years ago, Russia's president successfully lobbied the International Olympic Committee at its meeting in Guatemala to have his government host the world's biggest sporting event. Mr. Putin's arguments (and his pledge to spend a hefty $12 billion on the event) carried the day, with Sochi beating out Salzburg, Austria, and Pyeongchang, South Korea, to serve as the site of the 2014 Winter Games. The decision was a major political victory for Russia, then still struggling to re-emerge on the world stage.