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Russian head of FIDE suspends activity over EU sanctions - Finance news and analysis from Global Banking & Finance Review
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Russian head of FIDE suspends activity over EU sanctions

Published by Global Banking & Finance Review

Posted on July 23, 2026

2 min read

· Last updated: July 23, 2026

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EU Sanctions Prompt Suspension of Russian FIDE President Arkady Dvorkovich

Impact of EU Sanctions on FIDE Leadership and Russian Sports Officials

Background on EU Sanctions

July 23 (Reuters) - Arkady Dvorkovich, the Russian president of the International Chess Federation (FIDE), said on Friday he was suspending his activity with the organisation after being placed on the latest European Union sanctions list.

The EU's 21st sanctions package, issued in connection with Russia's 2022 invasion of Ukraine, imposes punitive measures against 170 entities and 48 individuals. Measures could include asset freezes, travel and transaction bans.

Response from Arkady Dvorkovich

Denouncement of Sanctions

Dvorkovich, in a statement on the FIDE website, denounced the EU move as "unlawful and unfair" and pledged to challenge it by all possible means.

Voluntary Suspension from FIDE

"However, given that until a formal court decision is rendered and/or such decision is cancelled or amended, these sanctions could hinder the stable functioning of FIDE, I have decided to voluntarily suspend the exercise of my powers and duties as FIDE President with immediate effect..." he said.

Interim Leadership

The statement said Viswanathan Anand, an Indian world chess champion, would take over as the federation's interim president.

Future of FIDE Leadership

Upcoming FIDE Election

Dvorkovich, a former Russian deputy prime minister who has led FIDE since 2018, said last month he would seek re-election to the presidency. The election is scheduled to take place at FIDE's general assembly at September's Chess Olympiad in Samarkand, Uzbekistan.

Suspension of Russia from FIDE

The federation suspended Russia on June 11 following a Court of Arbitration for Sport ruling.

Other Russian Officials Sanctioned

Mikhail Degtyarev's Inclusion

Also placed on the sanctions list in the EU's package on Thursday was Mikhail Degtyarev, Russian Sports Minister and head of the country's national Olympic committee.

Efforts to Lift Olympic Suspension

Degtyarev has led Russia's campaign to lift its suspension from the Olympic movement.

IOC's Decision on Russian Olympic Committee

An International Olympic Committee spokesperson told Reuters this month that the ROC's suspension, imposed in October 2023, was lifted after the organisation removed regional sports bodies from occupied Ukrainian territories from its membership.

(Reporting by Ron Popeski; Editing by Nia Williams)

Key Takeaways

  • Dvorkovich was included in the EU’s 21st sanctions package, the largest since 2022, affecting 48 individuals and 170 entities through asset freezes, travel and transaction bans (consilium.europa.eu).
  • To avoid harming the stable operation of FIDE, he voluntarily stepped aside and intends to contest the sanctions through all available legal means (reddit.com).
  • Viswanathan Anand, FIDE’s Deputy President and five‑time world chess champion, will serve as interim FIDE president pending a formal court outcome (reddit.com).

References

Frequently Asked Questions

Why did Arkady Dvorkovich suspend his activity as FIDE President?
Arkady Dvorkovich suspended his activity after being placed on the EU sanctions list, which could hinder FIDE's stable functioning.
Who is the interim president of FIDE after Dvorkovich's suspension?
Viswanathan Anand, an Indian world chess champion, is serving as interim president following Dvorkovich's suspension.
What are the EU sanctions related to in this case?
The EU sanctions are part of the 21st package in response to Russia's 2022 invasion of Ukraine, targeting Russian entities and individuals.
Which other Russian official was placed on the EU sanctions list?
Mikhail Degtyarev, Russian Sports Minister and head of the country's national Olympic committee, was also sanctioned.

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