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Russia time change before 2014 Olympics would have cost $300 million

Sochi clock

A clock showing the time in former Winter Olympic host cities and Heerenveen, is seen in a locker room at the Adler speed skating Arena, a venue for the Sochi 2014 Winter Olympics, at the Olympic Park in Adler, near Sochi February 21, 2013. Although many complexes and venues in the Black Sea resort of Sochi mostly resemble building sites that are still under construction, there is nothing to suggest any concern over readiness. Construction will be completed by August 2013 according to organizers. The Sochi 2014 Winter Olympics opens on February 7, 2014. REUTERS/Kai Pfaffenbach (RUSSIA - Tags: SPORT OLYMPICS)

REUTERS

Russia has already ruled out turning its clocks back one hour this winter, and the Sochi Olympic Organizing Committee president offered 300,000,000 more reasons why.

“We forecast, other than the reputational risk and discomfort to our athletes, logistical issues and financial risks,” Dmitry Chernyshenko said, according to R-Sport. “The extra expenditure needed from the federal budget to compensate international broadcasters who might lose advertising contracts in the event of a time change will lead to penalties, and we will have to compensate for it. The sum of the risks could exceed $300 million.”

Russia stopped turning its clocks back in 2011. Sochi is currently eight hours ahead of Eastern time and will be nine hours ahead after daylight savings time ends Nov. 3 and through the Olympics.

The times of competitions for the Sochi Games will be vastly different from the London 2012 Olympics (five hours ahead of ET) and the Vancouver 2010 Olympics (three hours behind ET).

Here is a full viewers guide, and here are the times of some major Sochi Olympic events:

Friday, Feb. 7: Opening ceremony -- 8 p.m. Sochi/11 a.m. ET
Tuesday, Feb. 11: Men’s snowboard halfpipe final -- 9:30 p.m. Sochi/12:30 p.m. ET
Wednesday, Feb. 12: Women’s downhill -- 11 a.m. Sochi/2 a.m. ET
Wednesday, Feb. 13: Women’s snowboard halfpipe final -- 9:30 p.m. Sochi/12:30 p.m. ET
Friday, Feb. 14: Men’s figure skating free skate (medal contenders) -- 10 p.m. Sochi/1 p.m. ET
Thursday, Feb. 20: Women’s hockey gold-medal game -- 9 p.m. Sochi/Noon ET
Thursday, Feb. 20: Women’s figure skating free skate (medal contenders) -- 10 p.m. Sochi/1 p.m. ET
Sunday, Feb. 23: Men’s hockey gold-medal game -- 4 p.m. Sochi/7 a.m. ET

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