St. Petersburg could join bidding for the host city of the 2024 Summer Olympic Games, said Governor Georgy Poltavchenko.
"We are eyeing this prospect," he told reporters in Sochi.
The city has "the wish and capabilities," to host the 2024 summer games - no earlier than 2024, or even later, he said.
"It has serious reasons to consider this opportunity in earnest," he said.
"Extensive infrastructure is in place already, so no substantial resources will have to be invested," he said.
St. Petersburg has 6,500 sport facilities, including an Olympic-level cycle track. The Zenit football stadium is expected to have been built by 2016, Poltavchenko said.
"The Russian Olympic Committee was established here in 1911. Its residents have won 136 gold Olympic medals," he said.
However, the final decision on whether or not St. Petersburg will bid to host the 2024 Olympic Games will be made following a serious discussion with the authorities and with the city residents," the governor said.