Initially it was an outdoor skating rink, roofed in 1973 during the preparations for the 1973 Summer Universiade.

[citation needed] The Sokolniki Sports Palace was a venue of handball tournament for the 1980 Summer Olympics.

It is the home arena of the HK Lokomotiv Moscow ice hockey team.

On March 10, 1975, at a friendly match between Soviet and Canadian youth hockey teams at the Sokolniki Arena, at least 20 people were killed in a stampede after the lights went out.

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