MANCHESTER (Reuters) -UEFA have cancelled their sponsorship deal with Russian power firm Gazprom, European soccer’s governing physique stated on Monday, response to the Russian invasion of Ukraine.
“UEFA has right this moment determined to finish its partnership with Gazprom throughout all competitions. The choice is efficient instantly and covers all present agreements together with the UEFA Champions League, UEFA nationwide group competitions and UEFA EURO 2024.
The sponsorship deal has been in place since 2012 and has been reported to be price round 40 million euros per season.
UEFA and FIFA introduced on Monday that every one Russian nationwide and membership groups have been suspended from worldwide soccer.
(Reporting by Simon Evans, Editing by Hugh Lawson)
