MUNICH (AP) -- The European basketball federation denied reports on Wednesday that Ukraine has pulled out of hosting next year's continental championship amid political and economic turmoil.
FIBA Europe said its board will ''discuss all recent developments regarding EuroBasket 2015'' at a meeting this weekend in Munich, Germany.
Earlier Wednesday, the tournament director said Ukraine had withdrawn from the 24-team event, citing political uncertainty over Russia's annexation of Crimea and serious financial pressures.
Organizing committee head Markiyan Lubkivsky said he ''cannot imagine how to carry out preparations in the current severe economic and political conditions.''
Russian President Vladimir Putin signed a treaty to incorporate Crimea into Russia following a referendum Sunday in which residents of the region overwhelmingly backed the move.