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Russia's athletes compete during the National track and field championships at a stadium in Cheboksary, Russia, Monday, June 20, 2016. The Russian national track and field championships were supposed to offer a chance to secure Olympic places, but with Russia's athletes now banned from the Rio games, excitement for competition has been replaced by despair and defiance. (AP Photo/Francesca Ebel)
Francesca Ebel, The Associated Press
Russia’s athletes compete during the National track and field championships at a stadium in Cheboksary, Russia, Monday, June 20, 2016. The Russian national track and field championships were supposed to offer a chance to secure Olympic places, but with Russia’s athletes now banned from the Rio games, excitement for competition has been replaced by despair and defiance. (AP Photo/Francesca Ebel)
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CHEBOKSARY, Russia — A top Russian track and field official says banning the country’s athletes from the Olympics will inflict severe financial damage on the games.

Russia was suspended by the IAAF in November, and the ban was upheld on Friday in a vote which appeared to have the backing of the International Olympic Committee.

All-Russia Athletics Federation general secretary Mikhail Butov says the absence of star Russians like pole vault world-record holder Yelena Isinbayeva and world 110-meter champion Sergei Shubenkov will hit the IOC in the pocket.

Butov says Russian stars are “a big part of world athletics and the competitions, the business, the incomes will all lose from their absence.”

Athletics will also become less significant “in society on a global scale,” he warns.

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