Russian economic crisis helps save Putin’s post-Olympic dream at Sochi

By Karoun Demirijian, January 18, 2015

KRASNAYA POLYANA, Russia — After the television cameras went dark on the Winter Olympic Games last year in Sochi, the areas around the resort city were in danger of becoming expensive ghost towns.President Vladimir Putin spent $50 billion on the Olympics, and had hoped his investment would leave behind a skier’s paradise in the mountainous Russian subtropics. But holiday bookings in Sochi were sluggish over the past year, as Russia grappled with a political crisis and increasing international economic isolation because of its involvement in Ukraine.Read full article >>