MOSCOW, February 25 (RIA Novosti) - Russia's
state-controlled retail savings bank Sberbank will sponsor the
2014 Winter Olympic Games in the Black Sea resort city of
Sochi, a business paper reported on Wednesday.
The Sochi 2014 Organizing Committee picked Sberbank as a
partner for the Olympic Games in the banking category, a
government official told Vedomosti. The information was
confirmed by the Tourism and Sports Ministry.
How much the deal is worth has not been revealed but it
could amount to $110-130 million, Vedomosti reported.
Sberbank and the organizing committee made no comment on
the information yesterday.
On February 24, Russia's state-controlled crude producer
Rosneft was named a main sponsor for the Sochi Olympic and the
Paralympics in the oil category. Rosneft will also be a partner
for the Russian Olympic Committee and the Russian Olympic team
until 2016, with a sponsorship contract worth $180 million,