Ilyumzhinov refuses to leave post of FIDE president amid U.S. sanctions
World Chess Federation demanded the resignation of president Ilyumzhinov out of the US sanctions.
President of the World Chess Federation (FIDE) Kirsan Ilyumzhinov refused to resign, despite the call of the FIDE presidential board. As reported by Interfax, according to the businessman, the decision of the FIDE presidential board is absolutely political and has nothing to do with chess.
"I'm not going to resign. Moreover, in September of this year I will run for the post of FIDE president again," Ilyumzhinov said.
FIDE demands the immediate resignation of incumbent president Kirsan Ilyumzhinov, as he was included in the US sanctions list. Because of this, the organization faces financial problems.
In particular, the financial director of FIDE says that if Ilyumzhinov does not leave the post of president, the accounts of the organization will be closed, Swiss and other banks will refuse to cooperate.
Recall that in 2015 the US Treasury Department included Ilyumzhinov in the sanctions list for material assistance and actions in the interests of the government and the Central Bank of Syria. In May 2016, the head of FIDE filed a lawsuit against the US Treasury Department demanding compensation in the amount of $50 billion and apologies for the groundless inclusion in the blacklist.
In March 2017, Ilyumzhinov said that he would leave office if he became an "obstacle" to the organization because of the US sanctions.
Ilyumzhinov headed FIDE in 1995 and has been repeatedly re-elected for a new term.