Moscow: Two Russian national team footballers have been punished by their clubs, after video of them at a champagne-fuelled party in Monaco following the squad's dismal exit from Euro 2016 sparked outrage.

Pavel Mamayev and Alexander Kokorin

Russian media reported that midfielder Pavel Mamayev and forward Alexander Kokorin allegedly splashed some 250,000 euros on 500 bottles of champagne for revellers at a night  club in Monaco.

Shaky internet footage of event that went viral showed waiters carrying dozens of bottles of bubbly with sparklers attached to them as the Russian national anthem blared out in the background.

Kokorin's club Zenit said that they had demoted him to the reserves while Mamayev's team FC Krasnodar announced he would be training with the youth squad. Both players were also fined.

"Unfortunately, Russian footballers often get themselves into scandalous situations because they lack a sense of restraint and culture of how to behave in public places," Zenit said.