The 2018 soccer World Cup will have a little lasting impact on the Russian economy, Rating agency Moody's Investors Service said on Thursday.

Russia will host the world's biggest soccer tournament from June 14 to July 15 in 11 cities in the European part of the country, having spent billions of dollars on preparations.

"We see very limited economic impact at the national level given the limited duration of the World Cup and the very large size of the country's economy," Moody's said.

"While the extra boost in tourism will benefit Russia's already healthy external accounts, the added support will likely be short-lived."

Moody's finding is at variance with an assessment last month by former deputy prime minister Arkady Dvorkovich, who said Russia's economic growth was to a large extent being driven by investments generated by preparations for the World Cup.

Moody's said the food, hotel, telecoms and transport industries would see a temporary boost in revenue, but the overall credit impact for the Russian corporate sector would be limited.

Moscow airports would benefit "because upgraded facilities will support higher passenger flows, even after the event," Moody's said.

"Construction companies are also among the key beneficiaries, but they would have already felt much of the impact."

But the sectors expected to benefit most from increased tourist flows "are not key growth drivers in most hosting local economies," Moody's said.

Russia will host the world's biggest soccer tournament from June 14 to July 15 in 11 cities in the European part of the country, having spent billions of dollars on preparations

The 2018 soccer World Cup will have a little lasting impact on the Russian economy, Rating agency Moody's Investors Service said on Thursday. Russia will host the world's biggest soccer tournament from June 14 to July 15 in 11 cities in the European part of the country, having spent billions of dollars on preparations. "We see very limited economic impact at the national level given the limited duration of the World Cup and the very large size of the country's economy," Moody's said. "While the extra boost in tourism will benefit Russia's already healthy external accounts, the added support will likely be short-lived." Moody's finding is at variance with an assessment last month by former deputy prime minister Arkady Dvorkovich, who said Russia's economic growth was to a large extent being driven by investments generated by preparations for the World Cup. Moody's said the food, hotel, telecoms and transport industries would see a temporary boost in revenue, but the overall credit impact for the Russian corporate sector would be limited. Moscow airports would benefit "because upgraded facilities will support higher passenger flows, even after the event," Moody's said. "Construction companies are also among the key beneficiaries, but they would have already felt much of the impact." But the sectors expected to benefit most from increased tourist flows "are not key growth drivers in most hosting local economies," Moody's said.

FIFA World Cup to have little impact on Russia's economy, says Moody's Investors

A second foreign policy advisor to Donald Trump&#39;s presidential campaign has admitted to contacts with Russian officials during last year&#39;s election and to having proposed that Trump travel&nbsp;to Russia during the campaign.

Former investment banker and Russia expert Carter Page told the House Intelligence Committee last week that he had &quot;brief&quot; contact with a Russian deputy prime minister, Arkady Dvorkovich, during a &quot;private&quot; trip to Moscow in July 2016, according to a transcript of his testimony released late Monday.

Page also said that he had proposed in May 2016 that Donald Trump travel to Russia to meet officials and make a speech.

That was the same month that another foreign policy advisor, George Papadopoulos, also suggested a Trump Moscow visit, according to court documents last week.

The Page testimony added to the mounting ?evidence of numerous contacts between Trump&#39;s presidential campaign and Russia in 2016 just at the time Moscow was mounting a hacking and disinformation operation aimed and boosting Trump&#39;s chances to win the White House.

The House committee and its Senate counterpart, along with a justice department special prosecutor, are investigating whether the campaign colluded with the Russians in any way to help defeat then-front-runner Hillary Clinton.

&nbsp;Parallels to Papadopoulos&nbsp;

Page told the committee in a closed-door hearing last Thursday that he was an unpaid volunteer on Trump&#39;s initial foreign policy advisory team, never met or spoke directly to Trump, and had no inappropriate contacts in Russia.

But in questioning he admitted contacts with Dvorkovich, other officials, businessmen and senior academics while in the country on trips in July and December.

He said he had told Jeff Sessions, now US attorney general but at the time in 2016 the leader of the foreign policy team, that he was planning the Moscow trip to lecture at a university which invited him.

Upon returning, he suggested to senior campaign officials in an email that he had done more than that.

&quot;I&#39;ll send you guys a readout soon regarding some incredible insights and outreach I received from a few Russian legislators and senior members of the presidential administration here,&quot; he wrote.

Page&#39;s Russia contacts paralleled those of Papadopoulos, who, according to the FBI, wrote a number of emails to senior Trump campaign officials between March and September last year about his own Russian contacts and proposed Trump travel to Moscow.

Nothing came of either proposal, and White House officials say both Page and Papadopoulos were insignificant aides on the campaign with few responsibilities or input.

Last week Papadopoulos pleaded guilty to lying to FBI investigators about his Russia contacts during 2016.&nbsp;

In his testimony, Page strongly downplayed his role on the campaign. He told the committee that he never &quot;met&quot; Trump, and had never spoken to him &quot;directly&quot;.

But he also said he had &quot;been in a lot of meetings with him (Trump), and I&#39;ve learned a lot from him.&quot;

Trump&#39;s former campaign chairman Paul Manafort and an associate are under house arrest on charges including conspiracy to launder money, linked to the investigation by special counsel Robert Mueller into allegations that the campaign colluded with Russia.

Former investment banker and Russia expert Carter Page told the House Intelligence Committee last week that he had 'brief' contact with a Russian deputy prime minister, Arkady Dvorkovich

A second foreign policy advisor to Donald Trump's presidential campaign has admitted to contacts with Russian officials during last year's election and to having proposed that Trump travel to Russia during the campaign. Former investment banker and Russia expert Carter Page told the House Intelligence Committee last week that he had "brief" contact with a Russian deputy prime minister, Arkady Dvorkovich, during a "private" trip to Moscow in July 2016, according to a transcript of his testimony released late Monday. Page also said that he had proposed in May 2016 that Donald Trump travel to Russia to meet officials and make a speech. That was the same month that another foreign policy advisor, George Papadopoulos, also suggested a Trump Moscow visit, according to court documents last week. The Page testimony added to the mounting ?evidence of numerous contacts between Trump's presidential campaign and Russia in 2016 just at the time Moscow was mounting a hacking and disinformation operation aimed and boosting Trump's chances to win the White House. The House committee and its Senate counterpart, along with a justice department special prosecutor, are investigating whether the campaign colluded with the Russians in any way to help defeat then-front-runner Hillary Clinton. Parallels to Papadopoulos Page told the committee in a closed-door hearing last Thursday that he was an unpaid volunteer on Trump's initial foreign policy advisory team, never met or spoke directly to Trump, and had no inappropriate contacts in Russia. But in questioning he admitted contacts with Dvorkovich, other officials, businessmen and senior academics while in the country on trips in July and December. He said he had told Jeff Sessions, now US attorney general but at the time in 2016 the leader of the foreign policy team, that he was planning the Moscow trip to lecture at a university which invited him. Upon returning, he suggested to senior campaign officials in an email that he had done more than that. "I'll send you guys a readout soon regarding some incredible insights and outreach I received from a few Russian legislators and senior members of the presidential administration here," he wrote. Page's Russia contacts paralleled those of Papadopoulos, who, according to the FBI, wrote a number of emails to senior Trump campaign officials between March and September last year about his own Russian contacts and proposed Trump travel to Moscow. Nothing came of either proposal, and White House officials say both Page and Papadopoulos were insignificant aides on the campaign with few responsibilities or input. Last week Papadopoulos pleaded guilty to lying to FBI investigators about his Russia contacts during 2016. In his testimony, Page strongly downplayed his role on the campaign. He told the committee that he never "met" Trump, and had never spoken to him "directly". But he also said he had "been in a lot of meetings with him (Trump), and I've learned a lot from him." Trump's former campaign chairman Paul Manafort and an associate are under house arrest on charges including conspiracy to launder money, linked to the investigation by special counsel Robert Mueller into allegations that the campaign colluded with Russia.

Second Trump campaign advisor admits to Russia contacts

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FIFA World Cup to have little impact on Russia's economy, says Moody's Investors

Second Trump campaign advisor admits to Russia contacts