January 13, 2014
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1:15Now PlayingJan. 13 (Bloomberg) -- In 2007, when Russia was bidding to host the 2014 Winter Olympics, Putin pledged to spend $12 billion in Sochi to turn it into "a world-class resort." In the years since, that number has drastically increased to $51 billion, making this winter's Olympics the most expensive, ever. (Source: Bloomberg)
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