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Sochi organizers given $50 million

Updated: December 26, 2013, 9:01 AM ET
Associated Press

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 ...

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