Gazprom International and World Sailing agree to early termination of Sponsorship Agreement

Gazprom EP International B.V. and World Sailing have mutually agreed to the early termination of their sponsorship arrangements, which were due to conclude in December 2019. Gazprom International has elected to exercise its right to terminate the agreement with effect from December 2017, which World Sailing has accepted. World Sailing thanks Gazprom International for its support.
 
Gazprom International and World Sailing are currently finalising the financial arrangements in connection with the early termination of the sponsorship agreement. The parties plan to conclude these discussions by the end of 2017. 
 
Background
 
The sponsorship contract between Gazprom International and the International Sailing Federation was concluded for 2014-2019.