City
Epaper

FIDE terminates existing sponsorship agreements with Russian companies

By ANI | Updated: February 28, 2022 08:40 IST

The International Chess Federation (FIDE) held an extraordinary meeting on the current situation and the urgent measures to be taken after the military action launched by Russia in Ukraine.

Open in App

The International Chess Federation (FIDE) held an extraordinary meeting on the current situation and the urgent measures to be taken after the military action launched by Russia in Ukraine.

"As stated by the FIDE President Arkady Dvorkovich, the FIDE Council regards its main mission in preserving the unity of FIDE and respecting the basic human rights enshrined in the FIDE Charter," stated an official statement.

In this regard, the FIDE Council has adopted a number of important emergency decisions. "FIDE expresses its grave concern about the military action started by Russia in Ukraine. FIDE stands united against wars as well as condemns any use of military means to resolve political conflicts. FIDE will take any necessary action to ensure the security of chess players and other members of the chess community. No official FIDE chess competitions and events will be held in Russia and Belarus," stated the statement.

Following the call from International Olympic Association (IOC), the FIDE Council has decided that no Russian and Belarusian national flag be displayed or anthem be played in all FIDE-rated international chess events.

Instead - the national chess federation's flag or the official symbol/logo shall be used. A simplified procedure for performing under the FIDE flag would be followed where it is crucial for the players or any other chess officials under the current geopolitical situation.

In order to safeguard FIDE from reputational, financial, and any other possible risks, FIDE has also terminated all existing sponsorship agreements with any Belarusian and Russian sanctioned and/or state-controlled companies and will not enter into new sponsorship agreements with any such companies.

Russian President Vladimir Putin on Thursday had announced a military operation in Ukraine and warned other countries that any attempt to interfere with the Russian action would lead to "consequences they have never seen."

Ukraine on Sunday had filed an application instituting proceedings against the Russian Federation before the International Court of Justice (ICJ), the principal judicial organ of the United Nations.

Ukraine filed an application instituting proceedings against Russia concerning "a dispute . . . relating to the interpretation, application and fulfilment of the 1948 Convention on the Prevention and Punishment of the Crime of Genocide" (the "Genocide Convention"), the International Court of Justice said in a statement.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: International Correspondence Chess FederationVladimir PutinFideArkady DvorkovichNational chess federationVladimir vladimirovich putin
Open in App

Related Stories

NationalVladimir Putin Accepts PM Modi’s Invitation To Visit India Preparations Underway, Says Russian FM Sergey Lavrov

Other SportsD Gukesh Wins FIDE World Chess Championship 2024, Defeats Ding Liren to Become Youngest-Ever Champion at 18

InternationalDonald Trump, Russian President Vladimir Putin Speak Over Phone, Discuss Ending War in Ukraine: Report

OpinionsTrump’s victory puts Putin into spotlight!

NationalPM Narendra Modi to Visit Russia From October 22 to 23 to Attend BRICS Summit 2024

Other Sports Realted Stories

Other SportsI am finally pain-free, says Rudiger after undergoing surgery for a partial tear of external meniscus

Other SportsShadman Islam's ton keeps Bangladesh ahead on day 2

Other SportsSneh Rana's five-fer helps India Women seal 15 runs win over South Africa Women

Other SportsIndia clinch victory in 1st T20 against Sri Lanka in Physical Disability Cricket Series

Other SportsUCL: Copa win vs Madrid can push FC Barcelona to final, says Hansi Flick