Russia's Prosecutor General's Office has dropped its lawsuit against Freedom Holding founder and FIDE President Timur Turlov and entities linked to him. Moscow's Tverskoy District Court terminated the proceedings and lifted the previously imposed interim measures.
Prosecutors had originally sought to have Turlov and related entities designated as extremist, ban their activities in Russia and transfer Russian assets to the state.
Other defendants included Freedom Holding Corp., Freedom Finance Europe Ltd, W-Empirical Holding Corp., businessman Arkady Shchukin and several other individuals and entities.
The Prosecutor General's Office submitted its request to withdraw the claims on October 14. The following day, the court accepted the withdrawal and terminated the case.
The reasons for the Prosecutor General's Office's change in position have not been publicly disclosed.
Kommersant reported, citing sources, that authorities in Kazakhstan, whose citizenship Turlov holds, may have provided Russian officials with explanations concerning payments that had drawn prosecutors' attention. That account has not been officially confirmed.
Turlov is the founder and chief executive of Freedom Holding Corp. and has served as president of the International Chess Federation, FIDE, since September 2026.