Russian bank threatens to sue WADA over IAAF sponsorship claims

In 2006, VTB became the first Russian company ever to sign with the IAAF.

Russian bank threatens to sue WADA over IAAF sponsorship claims

Moscow: Russia`s state-run bank VTB on Wednesday threatened to sue the World Anti-Doping Agency (WADA) after it questioned a sponsorship deal with the governing body of world athletics.

A WADA independent commission last year released a bombshell report alleging a system of state-sponsored doping in Russian athletics that saw Moscow`s track and field team suspended from international competition.

In a second report released in January and focused on high-ranking corruption in world athletics the commission demanded a probe into the legitimacy of a $25 million VTB sponsorship deal with the IAAF.

VTB`s press service told AFP that it had sent an official demand to WADA demanding it "retract publicly the information that tarnished the bank`s reputation".

The bank press spokesman added that it will launch legal action in a Swiss court if the information is not officially withdrawn within 21 days.

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