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Snapshot: Sochi Olympics carry $51 billion price tag

Thu., Dec. 26, 2013

A record 65,000-kilometer torch relay is part of the huge cost of the 2014 Sochi Olympics in Russia. (Associated Press)
A record 65,000-kilometer torch relay is part of the huge cost of the 2014 Sochi Olympics in Russia. (Associated Press)

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 and have not been without controversy.

Russia has come under fierce criticism for passing national laws banning “gay propaganda.”

The United States delegation heading to Sochi includes openly gay athletes Brian Boitano, Billie Jean King and Caitlin Cahow.

The Sochi Games are the first since 2000 to which the U.S. is not sending a president, former president, first lady or vice president. – Associated Press



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