Russia to pay bonuses to its Olympic medalists | Inquirer Sports

Russia to pay bonuses to its Olympic medalists

/ 08:33 PM November 25, 2013

In this photo provided by Olympictorch2014.com torch bearer, Russian award-winning classical pianist Denis Matsuyev, right, speaks to a young patient while holding an Olympic torch during a welcome ceremony of Olympic torch relay at Irkutsk State Regional Children’s Hospital in Irkutsk, Russia, Sunday, Nov. 24, 2013. AP Photo/Olympictorch2014.com

MOSCOW, Russia—Russia will pay hefty bonuses to athletes who win medals at the Winter Olympics on home soil in Sochi.

A decree posted on the government’s website says Russia will pay $122,000 to Russian gold medalists, $76,000 to silver medalists and $46,000 to bronze winners.

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Russia first introduced bonuses for medal winners in the 1990s when individual athletes and entire sports federations were surviving on paltry state subsidies.

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Four years ago in Vancouver, Russia recorded its worst ever performance at a Winter Games, winning only 15 medals and finishing 11th in the table.

Medals in Sochi will be a matter of national pride for Russia and President Vladimir Putin, who is directly involved in overseeing preparations for the games.

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TAGS: medalists, Russia, Sochi, Sports, Winter Olympics, World

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