World Cup - Sochi chief hails Russia's new revolution
Sochi 2014 chief executive Dmitry Chernyshenko believes Russia's selection as the 2018 FIFA World Cup host is further proof of the country's transformation.
Back in October Chernyshenko revealed Russia has intentionally embarked on a policy of hosting as many major sporting tournaments as possible as the country re-emerges as a major superpower.
As part of the BRIC group - along with India, China and Brazil - Russia is has undergone considerable economic growth of late and has also been awarded a number of large-scale sporting events.
As well as the 2014 Winter Olympics, Russia will stage the 2013 World Athletics Championships in Moscow as well as their first ever Formula 1 race in Sochi.
And now Chernyshenko believes that his nation winning the right to host the 2018 World Cup is further evidence of the 21st century Russian Revolution.
"We are delighted that Russia has been selected to host the 2018 FIFA World Cup and congratulate our partners at the Russia 2018 bid committee," he said.
"Following Sochi 2014's victory in 2007, the result is a further sign of the transformation taking place in modern Russia and of our enthusiasm to welcome the world to our country and the city of Sochi.
"We send our commiserations to the other candidate nations, who all delivered impressive bids and ran extremely strong campaigns.
"As Sochi 2014 continues to encourage community involvement in sport through use of the Olympic venues after the Games, the Russia 2018 bid success also underlines our determination to provide the strongest possible legacy for the city of Sochi and the Krasnodar region.
Chernyshenko went on to praise the legacy ideals of Russia 2018's bid with the Sochi 2014 main stadium set to be a host venue for Russia's first ever World Cup.
"One direct legacy from the Sochi 2014 Olympic and Paralympic Winter Games will be the Main Stadium, which will host the Opening and Closing Ceremonies, and is now set to host matches at the 2018 FIFA World Cup," he added.
"Indeed, the entire city is being transformed into a world class sports resort and now has another wonderful opportunity to showcase to the world its unique features including its proximity to the sea coast and snow peaks."