Support The Moscow Times!

Russian Gold Medalists at Olympics to Earn $123,000

The gold medal athletes will be competing for at the London games

Russian athletes will have an added incentive to win gold for their country at this summer's Olympic Games in London after Sports Minister Vitaly Mutko announced that each first-place finisher will earn 4 million rubles ($123,000).

Olympians will receive 4 million rubles in prize money for a gold medal, 2.5 million rubles for a silver, and 1.7 million for a bronze, Mutko told journalists on Tuesday, Interfax reported.

This year's prize money represents a significant increase on the amount awarded to medalists at the 2008 Olympics in Beijing.

During that competition, prize money ranged from $50,000 for gold to $10,000 for bronze.

The London Olympic Games will run July 27 to Aug. 12.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.