Source Pravda.Ru

Russia stripped of hosting world amateur championships

Moscow has been stripped of the world amateur boxing championships after failing to meet conditions for hosting the event, the world governing body said Monday.

The International Boxing Federation, or AIBA, awarded its showcase championships to the Russian capital at a meeting last month in Taipei, Taiwan. Moscow was chosen over Jeju, South Korea.

However, AIBA said the Russian boxing federation "failed on a number of issues pertaining to the agreement despite continuous assistance from AIBA."

"It is regrettable that we were put into a situation where we had to make such a decision but we also had to honor the conditions of the agreement," AIBA president C.K. Wu said.

Russian media said financial problems, including uncertainty over a US$1.5 million line of credit, was behind the decision, reports AP.

Russian federation chief Eduard Khusanov told the ITAR-Tass news agency that AIBA imposed "groundless demands" and organizers had met all necessary conditions.

AIBA did not say where the Sept. 15-30 championships considered a major qualifier for the 2008 Olympics would now be held.

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
Comments
The Hypocrisy of the Chinese World Dog Show
UK wants Sergei Skripal dead
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
International Opposition to Attempted Trump Regime Coup in Venezuela
Homosexuality and the Decline in American Values
Russia's S-400 missiles lost in storm during transportation to China
The Hypocrisy of the Chinese World Dog Show
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
New 'bill from hell' against Russia to bring hell to USA
New 'bill from hell' against Russia to bring hell to USA
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Smartphones and social networks not allowed in the Russian Army
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
In Haiti, protesters ask Putin to help
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show