[Try try again]

Does this affect the continued participation of Yenisey-STM Krasnoyarsk in the Euro Challenge Cup?

[GoldFinch]

I don't think it does as it only applies to major sporting events.

Soccer's Euro 2020 isn't counted so I doubt that European Challenge Cup will be either

"Certain continental and regional events - such as Euro 2020 and World Cup qualifying matches in football, the Sochi Grand Prix in Formula 1 - are not included in the sanction."

https://www.bbc.co.uk/sport/olympics/50740083