[11] It is claimed that Kremlev worked in a transport company Transstroykom LLC and from 2009 to 2012 he served as President of Center for Strategic Development and Modernization.

Kremlev claims that the federation exists on private funds and does not receive financial injections from government.

The main sponsors of the federation are the bookmaker company Liga Stavok and the National Lottery, which, according to Proekt's investigation, actually belong to Kremlev himself.

Kremlev also became the beneficiary of three of Russia's largest betting companies: Fonbet, Pari and Liga Stavok.

In addition, he gained control over the Unified Gambling Regulator, which was created to oversee betting activities.

Kremlev's election caused mixed reactions in the international boxing community due to his past and ties to Russian authorities.

Under Kremlev's leadership, the IBA signed a sponsorship contract with Gazprom, which intensified conflict with the International Olympic Committee (IOC).

[21][22] He won a vote of 57.33 per cent to replace Mohamed Moustahsane of Morocco to serve as AIBA's President, on 12 December 2020.

[24] Kremlev has ties to Vladimir Putin, has moved much of the IBA's operations from Lausanne, Switzerland to Russia, has spent heavily on apparent self-promotion, and has opposed independent appointment of judges and referees.

[6] Khelif was suspended shortly before her gold medal bout against Chinese boxer Yang Liu,[29] three days after defeating Azalia Amineva, a previously unbeaten Russian prospect, at the IBA's world championships.