Russia joined England, Australia, Indonesia, Japan, Mexico and the United States in the race to host either the World Cup's 21st or 22nd edition.

Joint bids from Belgium-Netherlands and Spain-Portugal are also under consideration, while Qatar and South Korea have applied solely for the 2022 finals.

FIFA's bidding agreement requires governmental guarantees regarding stadium construction; security; entry rules for players, referees and fans and tax breaks for competitors, among other things.

Putin added the issue to March 24's meeting of the Government Presidium of the Russian Federation, and has overseen progress on the guarantees since.

The documents now having been signed, they will form part of the official bid presented to FIFA on May 14.

Putin told the aforementioned meeting: "The World Cup preparations will not only require a large number of new sports facilities.

"They will also mean that we must develop - and are certain to do so if our bid is accepted - additional infrastructure: airports, roads, hotels and other tourist facilities in at least 10 major Russian cities, if not more.

"All of that would remain to be used by our people for decades to come."

Australia earlier promised a "no worries" World Cup should they be successful.

Football Federation Australia chief executive officer Ben Buckley believes forecasts of social and economic growth in Asia make a compelling case for his country, which joined the Asian Football Confederation in 2006.

An FFA statement read: "Australia offers football and its commercial partners access to these markets, but critically in an environment that is organised and friendly."

And Buckley added: "Asia's strong financial growth clearly offers a great opportunity for football. The world's greatest tournament in the world's fastest growing region is an exciting mix.

"As we build to the World Cup votes in December, FFA will continue to deliver a clear message straight to FIFA's executive committee - namely that Australia is not just central to Asia but also offers a 'no worries' experience."