September 2, 2014
MOSCOW (AP) - The upper house of Russia's parliament has passed a bill calling for fines of up to $30,000 for anyone scalping tickets to the 2014 Winter Olympics in Sochi.
The bill, passed Wednesday by the Federation Council, now needs to be signed into law by President Vladimir Putin.
For low-level scalping by individuals, the fine would be five to 10 times the ticket's face value, but penalties will be heavier for scalping done as a business.
Russian Olympic Committee head Alexander Zhukov told a news conference that "we as Olympic organizers have an obligation under our contract with the International Olympic Committee to prevent speculative price hikes for hotels and Olympic tickets."
Zhukov says there will be price limits for rooms in each hotel category.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.