Ilyumzhinov: "US sanctions are contrary to the basics of democracy"

President of the International Chess Federation (FIDE) Kirsan Ilyumzhinov called the sanctions policy an obstacle to progress.

"The policy of sanctions is a stone-age relic. Such restrictions lead nowhere in today's world where multinational companies operate and information is delivered instantly. On the example of North Korea, it is clear that sanctions mean not only interference in the affairs of other states but also in private life. This is a violation of the fundamental principles of democracy. I consider sanctions a relic of the past. And they will never contribute to the progress of mankind," stressed Ilyumzhinov.

"I travel freely. I visited London, Germany and Costa Rica. Now I'm going back to the UK. Sanctions forbid me to bring dollars to the US but I do not have accounts or assets there. Thus, these bans do not affect me," Kirsan Ilyumzhinov told NSN radio.