Russian Railways signs as sponsor of Sochi Games

Organizers of the 2014 Winter Olympics in Sochi announced a $115 million sponsorship deal with Russian Railways.

The agreement means the Sochi Games have amassed more than $1 billion in domestic sponsorships.

The deal was announced Friday at the 2014 Sochi House in Vancouver, which was attended by Dmitry Kozak, a deputy prime minister.

The state-owned Russian Railways is also building the rail lines linking the different venues in Sochi, which will be split between the "coastal cluster" in the town of Sochi on the Black Sea and the "mountain cluster" at the Rosa Khutor resort.

Other top sponsors with deals worth more than $100 million are Bosco Sport, Aeroflot, Volkswagen's Russian branch, telecommunication firms Rostelecom and Megafon, state oil and gas company Rosneft and state bank Sberbank.