Russian Olympic Committee fulfils IOC condition, pays it $15m

Moscow  : The Russian Olympic Committee (ROC) has fulfilled the financial requirements set by the International Olympic Committee (IOC) on December 5 for reinstating Russias membership and paid $15 million in full, the ROC said in a press release on Thursday.

"On December 5, 2017, the Executive Board of the International Olympic Committee set the criteria required to be fulfilled for reinstating the Russian Olympic Committee," the ROC's statement read, reports Tass news agency. 

"One of them is to pay $15 million for the development of the international anti-doping system and coordination of the activity in this area between the IOC, the World Anti-Doping Agency (WADA) and international sports federations. 

"As of today, the ROC has paid this sum in full. Therefore, all the financial requirements set to the ROC for lifting the suspension have been fulfilled as of now," the statement added.