TASS, March 1. Renowned Russian businessman Alisher Usmanov has suspended his duties as President of the International Fencing Federation, the FIE press service stated on Tuesday.

"On February 28, 2022, I became the target of restrictive measures imposed by the European Union. I believe that such a decision is unfair, and the reasons employed to justify the sanctions are a set of false and defamatory allegations damaging my honor, dignity, and business reputation. I will use all legal means to protect my honor and reputation," Usmanov wrote.

"I hereby suspend the exercise of my duties as the President of the International Fencing Federation effective immediately until justice is restored," he stressed.

Usmanov has led the FIE since 2008 and was re-elected in 2012, 2016, and 2021. From 2001 to 2009 he led the Russian Fencing Federation and from 2005 to 2009 he headed the European Fencing Confederation.