The head of the board of directors of the company Bosco di Ciliegi Mikhail Kusnirovich decided to prohibit the International Olympic Committee from using its brand at the Winter Olympics-2018.
According to Reuters, the decision was made because of the position of the IOC, which prohibited Russians from performing under the national flag.
Kusnirovich explained that the company had supplied complete sets of clothes to the IOC, but now it requires taping or cutting off the Bosco logo.
"We will insist that our intellectual property, our brand, is not used by either members or staff of the IOC in our clothes at the Olympics in Pyeongchang. We will, based on technological capabilities, remove this from the direct vision of television cameras and photo correspondents, "Kusnirovich's words convey.
The businessman added that he was not afraid of the consequences of his step.
"I withdraw my brand from my clothes to restore the accreditation of OCD to the International Olympic Committee. If at the closing ceremony of the Olympics, the ROC will be a full member, we will find a technical opportunity to reopen our logo on the IOC form, "Tass quotes the businessman as saying.
He noted that it will not be possible to replace the IOC form for the 2018 Olympic Games in South Korean Pyeongchang.
"The contract is implemented 13 months from the development of models to approval and tailoring, our uniform should be worn by 600-700 people, and each one has almost 50 pieces of clothing - from underwear to ski suits," Kusnirovich said.
Earlier, the IOC presented the logo of the "Olympic athletes from Russia".