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World Athletics said it will call on its congress to vote virtually on expelling Russia if the $5 million fine and another $1.3 million in costs aren't paid by 15 August.
Russia's vaccine is not part of WHO's list of nine COVID-19 candidates in advanced stages of testing
A senior advisor said they are talking to Russia to get more information on the vaccine, trials, what are the next steps.
World Athletics said last month it would go further by expelling Russia unless it made an outstanding payment of $6.3 million in fines and costs for anti-doping breaches by 15 August.