The war in Ukraine has left St Petersburg without this season's Champions League final, which has been moved to France by UEFA.
The move of the biggest club football final will cost the city, where Russian President Vladimir Putin was born, between 60 and 70 million euros.
The decision of the UEFA Executive Committee to move the final from "Gazprom Arena" to "Stade de France" in Paris is due to the serious escalation of the security situation.
This is a major economic blow to St Petersburg, which was preparing to host its first Champions League final after the pandemic.
The last one played under normal circumstances, the 2019 final in Madrid, brought the Spanish capital 63 million euros in profits.
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