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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, 2015. 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. |
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