Krasnodar Krai
  • President Vladimir Putin promised Monday that gay athletes and guests at the Winter Olympics in Sochi will feel at ease.

    Russian President Vladimir Putin, left, and International Olympic Committee President Thomas Bach meet at the Bocharov Ruchei residence at the Black Sea resort of Sochi, southern Russia, Monday, Oct. 28, 2013. Making his first trip to Sochi since being elected head of the IOC last month, Bach met Monday with Russian President Vladimir Putin to inspect the host city. Bach told Putin he was deeply impressed with the amount of work Russia has done for the Feb. 7-23 games.
    LAST UPDATE : Oct 29, 2013, 10:40 AM EDT
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  • In this Thursday, Oct. 14, 2010 file photo, then, Russian Prime Minister Vladimir Putin, second right, Formula One chief Bernie Ecclestone, second left, and Oleg Deripaska, toast after a signing ceremony in the Black Sea resort of Sochi, southern Russia. Oleg Deripaska's Basic Element, insists its projects were all designed to be profitable. The company is building an Olympic village and a seaport and has just finished revamping the Sochi airport, for a combined cost of $1.4 billion.

    Most of the projects the tycoons are involved in are not profitable — and many businessmen are making no secret of the losses they are incurring.

    LAST UPDATE : May 20, 2013, 10:33 AM EDT
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