Russia’s VTB bank will not renew IAAF sponsorship deal

Russia’s second-largest bank VTB said on Thursday it would not renew a sponsorship contract with the International Association of Athletics Federations but insisted the decision has nothing to do with the doping scandal engulfing the sport.

“It (the contract) has expired,” VTB first deputy president Vasily Titov was quoted as saying by RIA Novosti state news agency. “We did not plan to renew it. No, this has nothing to do with the doping scandal in any way.”

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