Vladimir Putin's Gamble: $51 Billion 2014 Winter Olympics Begin in Sochi
'Welcome to the center of the universe," yelled Russian TV star Yana Churikova during the pre-show at the 2014 Winter Olympic Ceremony, which are held in Sochi. The 22nd Winter Olympics, which will last for 17 days, features 98 winter sporting events, including figure skating, skiing and hockey. Sochi was selected as the host city in July, 1997, and marks the first time the Olympics will be held in the Russian Federation. Moscow hosted the Summer Olympics in 1980.