Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Olympics-Ukraine's Sports Minister says Heraskevych decision unjust but team will remain at Games
    Finance

    Olympics-Ukraine's Sports Minister Says Heraskevych Decision Unjust but Team Will Remain at Games

    Published by Global Banking & Finance Review®

    Posted on February 12, 2026

    3 min read

    Last updated: February 12, 2026

    Add as preferred source on Google
    Olympics-Ukraine's Sports Minister says Heraskevych decision unjust but team will remain at Games - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityinternational organizationsfinancial communityinvestmenteconomic growth

    Quick Summary

    Ukraine's Sports Minister criticizes the IOC's decision to disqualify Heraskevych, emphasizing the importance of honoring war victims.

    Ukraine's Sports Minister Calls Heraskevych Disqualification Unjust

    Ukraine's Response to IOC Decision

    By Conal Quinn

    Background on Heraskevych's Disqualification

    MILAN, Feb 12 (Reuters) - Ukraine's Sports Minister Matvii Bidnyi believes the decision to disqualify Vladyslav Heraskevych from his skeleton event at the Milano Cortina Games was unjust but told Reuters there was no question of his team pulling out of the Olympics.

    Impact on Ukrainian Athletes

    Heraskevych was disqualified moments before his skeleton race at Cortina D'Ampezzo on Thursday because he insisted on wearing a helmet bearing images of Ukrainian athletes who have been killed in the ongoing war against Russia.

    Call for International Support

    The International Olympic Committee, who tried desperately to broker a last-minute compromise, said the helmet breached its rules on political protests and slogans in the field of play.

    "We all think this is unjust -- it was an unjust decision," Bidnyi told Reuters in an interview at a Milan hotel.

    "(The IOC rules) are about political agitation. There is no political agitation. Vladyslav does not wear a helmet with our political leaders, with some political parties' signs. 

    "He wears helmets with our national heroes, with athletes who were killed by Russia. We are here only because of our defenders dying every day. Why can't we commemorate them?

    "What (the rules) mean is you should be neutral," he added. "How can you be neutral when somebody kills your friends?"  

    Despite the challenges of preparing for the Games during a war, Ukraine sent its biggest Winter Olympics team since 2010 to Milano Cortina and Bidnyi said they would continue to compete. 

    "Why boycott?" he said. "In my personal opinion, this decision is more harmful for the IOC's reputation than for Vlad Heraskevych, because Vladyslav Heraskevych is already a hero for the Ukrainian people.

    "We prepared a big team, 46 athletes here, in conditions where we can't even provide electricity to sports arenas. And there is big value for us to be here, of course, but it's a really upsetting decision."

    RUSSIAN AND BELARUSIANS BANNED FROM OLYMPICS

    Athletes from Russia and Belarus, which provided Moscow with military support, were banned from the Olympics after the 2022 invasion but some have been allowed to return to the Games as neutral athletes.

    Russian and Belarusian officials have repeatedly condemned restrictions on their athletes as discriminatory and politically motivated, arguing that sport should remain separate from international conflicts. 

    Bidnyi, a former bodybuilder, said sport could play a major role in bringing about peace in Ukraine and urged the IOC and other sports federations not to soften their stance on Russia. 

    "The international sports shouldn't allow them to compete until the aggression stops," he said. 

    "We need to push on them, and the international sports community must and can influence it. 

    "It's very important that all of the world condemn this aggression so they stop killing people ... And then maybe they can become again a part of the international community."

    Bidnyi said none of the Ukrainian athletes at the Games were engaging in propaganda simply by remembering their war dead. 

    "It's not a protest. It's just a commemoration," he said. "And if our team is here only because they lost their lives, how can we forget them? How can we betray them? How can we betray their memory?"

    (Reporting by Conal Quinn, writing by Nick Mulvenney, editing by Ken Ferris)

    Table of Contents

    • Ukraine's Response to IOC Decision
    • Background on Heraskevych's Disqualification
    • Impact on Ukrainian Athletes
    • Call for International Support

    Key Takeaways

    • •Ukraine's Sports Minister calls Heraskevych's disqualification unjust.
    • •Heraskevych wore a helmet honoring Ukrainian war victims.
    • •IOC rules prohibit political protests at the Olympics.
    • •Ukraine continues to compete despite challenges.
    • •Russian and Belarusian athletes face Olympic bans.

    Frequently Asked Questions about Olympics-Ukraine's Sports Minister says Heraskevych decision unjust but team will remain at Games

    1What is the International Olympic Committee (IOC)?

    The International Olympic Committee (IOC) is the governing body of the Olympic Games, responsible for organizing the event and ensuring the adherence to the Olympic Charter.

    2What is disqualification in sports?

    Disqualification in sports refers to the removal of an athlete or team from competition due to violations of rules or regulations, often resulting in loss of eligibility to compete.

    3
    What is the significance of commemorating athletes?

    Commemorating athletes involves honoring their contributions and sacrifices, particularly in contexts of conflict or tragedy, which can serve to inspire and unite communities.

    More from Finance

    Explore more articles in the Finance category

    Image for Trump calls Iran's current leaders 'very reasonable' as Pakistan prepares to host talks
    Trump Calls Iran's Current Leaders 'very Reasonable' as Pakistan Prepares to Host Talks
    Image for WTO talks end in deadlock after Brazil blocks deal on e-commerce duties
    WTO Talks End in Deadlock After Brazil Blocks Deal on E-Commerce Duties
    Image for Dollar holds firm as risk of protracted Middle East war saps sentiment
    Dollar Holds Firm as Risk of Protracted Middle East War Saps Sentiment
    Image for Economics of New Zealand's LNG terminal plan must stack up to get go-ahead, prime minister says
    Economics of New Zealand's Lng Terminal Plan Must Stack up to Get Go-Ahead, Prime Minister Says
    Image for Stocks slide in Asia, Brent crude heads for record monthly rise
    Stocks Slide in Asia, Brent Crude Heads for Record Monthly Rise
    Image for Villeroy says ECB ready to act, but too early to discuss timing of any rate hike
    Villeroy Says ECB Ready to Act, but Too Early to Discuss Timing of Any Rate Hike
    Image for US to allow Russian oil tanker to reach Cuba, New York Times reports
    US to Allow Russian Oil Tanker to Reach Cuba, New York Times Reports
    Image for Tanker carrying Russian oil enters Cuba's exclusive economic zone, ship data says
    Tanker Carrying Russian Oil Enters Cuba's Exclusive Economic Zone, Ship Data Says
    Image for Oil prices jump after Yemeni Houthis attack Israel, widening Iran conflict
    Oil Prices Jump After Yemeni Houthis Attack Israel, Widening Iran Conflict
    Image for UK's Reeves to warn G7 against unilateral trade moves during Iran war
    UK's Reeves to Warn G7 Against Unilateral Trade Moves During Iran War
    Image for Italy's MPS board says proposed CEO change aims to boost internal cooperation
    Italy's Mps Board Says Proposed CEO Change Aims to Boost Internal Cooperation
    Image for Bank of Italy appoints special administrators to support BFF board in lender's restructuring
    Bank of Italy Appoints Special Administrators to Support Bff Board in Lender's Restructuring
    View All Finance Posts
    Previous Finance PostKremlin Memo Outlines Potential US–Russia Economic Pact Under Trump, Bloomberg News Reports
    Next Finance PostKraft Heinz Forecasts About $950 Million in 2026 Capital Spending