Russia approves extra $50 million for Sochi Olympic organizers
Torch bearers Yegor Klimov and Anna Usatova pose with Olympic torches in a square in front of the Uralvagonzavod tank factory, with a famous Soviet made tank T-34 on the right, during the Olympic torch relay in Russia's industrial Urals town of Nizhny Tagil, Friday, Dec. 13, 2013. (Olympictorch2014.com)
Published Wednesday, December 25, 2013 2:18PM EST
MOSCOW -- Russia's Cabinet has approved the allocation of nearly $50 million in extra subsidies for the organizers of the Sochi Olympics.
The Cabinet's decision, reported by the RIA Novosti news agency on Wednesday, takes the total number of subsidies for the Sochi Organizing Committee to the equivalent of more than $420 million.
The Cabinet said without elaboration that the extra money would help finance the committee's activities.
The allocations for the organizing committee are a small share of the total Sochi Games costs that amount to $51 billion, making them the most expensive Olympics in history.
The games will take place from Feb. 7-23.