Breaking News: FIDE President Steps Down

12.06.15 The president of the World Chess Federation, Kirsan Ilyumzhinov, has stepped down after the US Department of the Treasury imposed sanctions on him effective November 25, 2105. In a statement released today Nigel Freedman the Executive Director of FIDE states that Ilyumzhinov will withdraw from any legal, financial and business operations of FIDE until such time as [he] is removed from the Office of Foreign Assets Control sanction list.

Now former FIDE President Kirsan Ilyumzhinov (right) with FIDE Deputy President Georgios Makropoulos
image: Chess-News.ru

Here is the official statement from FIDE:

Athens, 6 December 2015

Following the announcement by the US Department of the Treasury that the US levied sanctions against Kirsan Ilyumzhinov, Russian citizen and FIDE President, Mr. Ilyumzhinov has informed the Presidential Board that he will withdraw from any legal, financial and business operations of FIDE until such time as Mr. Ilyumzhinov is removed from the Office of Foreign Assets Control sanction list.

Mr. Ilyumzhinov advised that he has initiated legal procedures in the US aiming to request additional information and reverse restrictive measures put by the US Department of the Treasury. During the next Presidential Board meeting, Mr. Ilyumzhinov will update the Board as to the progress of the legal procedures.

Mr. Ilyumzhinov's decision to withdraw from any legal, financial and business operations of FIDE is to enable him to concentrate on clearing the situation with the US Department of the Treasury.

Until further notice, under section A.9.5 of the FIDE Statutes, if the President: "duly authorises, then he can be represented by the Deputy President who shall exercise the powers of the President. The Deputy President can thus represent FIDE officially and can solely sign for FIDE." Therefore Mr. Makropoulos will now be exercising these powers and representing FIDE officially.


Nigel Freeman
FIDE Executive Director

The story as reported by ChessBase

The story as reported by Chess.com

The official site of the World Chess Federation



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