Russian President Vladimir Putin speaks at the final Cabinet meeting of the year in the government headquarters in Moscow, Thursday, Dec. 27, 2012. (AP Photo/RIA-Novosti, Dmitry Astakhov, Government Press Service)

Russia's Olympic city Sochi to host G-8 Summit

Published: 02:15:26 PM, Mon 04 February 2013 UTC

MOSCOW (AP) — The Kremlin says next year's summit of the leading industrial nations will take place in Sochi, the city on the Black Sea where Russia is preparing to host the 2014 Winter Games.

Russia holds the rotating presidency of the Group of Eight in 2014 and thus has the right to choose where the leaders of the world's major industrialized countries will meet. The United States, Britain, Canada, France, Germany, Italy, Russia and Japan are members of the Group of Eight.

Russian President Vladimir Putin signed an order on Monday designating Sochi as the site of the summit and naming his chief of staff, Sergei Ivanov, to head the organizing committee.

The only other G-8 summit to be held in Russia was in St. Petersburg in 2006.

Tags: vladimir putin, president vladimir putin, sergei ivanov, sochi, united states, culture_politics, united kingdom, russia, group, black sea, 2014 winter games, 2014 winter olympics, st. petersburg, g8, president of russia, g-8 summit, olympic city sochi, major industrialized countries, leading industrial nations, rotating presidency

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