facebook
twitter
rss
account
search
search
 

Putin: Inflated Olympic pricing unacceptable

May 11, 2012 at 2:30 PM   |   Comments

| License Photo
SOCHI, Russia, May 11 (UPI) -- Russian President Vladimir Putin said he will be on guard for inflated prices by contractors at sites for the 2014 Winter Olympics in Sochi.

Putin said at a meeting for official preparations for the Olympics he is "aware of the desire" of ... both ordering parties and subcontractors to increase the cost of Olympic sites ... at the final stage of construction," ITAR-Tass reported Friday.

Putin called the price increases unacceptable and said each instance will be addressed.

"If the investor or the subcontractor has formed the price of the facility independently, the risk of a higher price and additional expenses is shouldered [by] the relevant private organization," Putin said.

"We will not step aside from the generally recognized norms and rules of civil legal relations."

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Arkansas State player fakes death on-field to distract defense, play called 'fainting goat' Arkansas State player fakes death on-field to distract defense, play called 'fainting goat'
2
Minnesota Gov. Mark Dayton calls on Vikings to suspend Adrian Peterson indefinitely Minnesota Gov. Mark Dayton calls on Vikings to suspend Adrian Peterson indefinitely
3
Adrian Peterson facing more child abuse allegations after details about 2013 incident come out Adrian Peterson facing more child abuse allegations after details about 2013 incident come out
4
UPI horse racing roundup UPI horse racing roundup
5
NFL Game Summary - Philadelphia at Indianapolis
Trending News
Video
x
Feedback