International

The IOC says the 2014 Winter Olympics in Sochi recorded a surplus of $53 million in its operating budget.

The number reported on Thursday by the International Olympic Committee executive board was far below the provisional figure of $261 million reported in June by Russian organizers.

Part of the decrease is likely due to the rubles' loss of value in recent months against the dollar.

The operating budget is only for running the games, distinct from the $51 billion Russia spent building sports venues, housing, and transportation for the games.