You're reading: Putin: Abramovich, open your wallet for World Cup

ROME (AP) —Russianleader VladimirPutinis courting the private sector to help build stadiums for the 2018 World Cup in his country.

Italian daily La Stampa on Saturday is quoting the prime minister’s remarks in Zurich earlier in the week afterRussiawon the bid for football’s most prestigious competition.

Putinsays the 2018 Cup will be an edition "financed by private companies." He says oil company Lukoil will build one stadium forMoscow, while investment bank VTB Capital will sponsor another. Gazprom will fund work in St. Petersburg.

Putinurged Chelsea club owner Roman Abramovich to "open his wallet." He joked that the billionaire has so much money, it won’t hurt him to contribute.

Russiaalso is hosting the 2014 Olympics in Sochi.