UEFA, European football’s governing body, announced on Monday night that it would end its megabuck sponsorship deal with Russian state energy company Gazprom following the invasion of Ukraine.
In a statement, UEFA said it had “decided to end its partnership with Gazprom in all competitions”.
“The decision takes effect immediately and covers all existing agreements, including the UEFA Champions League, UEFA national team competitions and UEFA EURO 2024,” the statement added.
The football organization had come under pressure to sever ties with Gazprom following Russian President Vladimir Putin’s deadly assault on Ukraine. Gazprom had been a partner of UEFA since 2012 and the deal was worth around €50m a year.
Earlier on Monday, German club Schalke 04 announced that they would end their sponsorship deal with Gazprom.