Balakhnichev was one of three individuals to discover yesterday that CAS had dismissed their appeals against the International Association of Athletics Federations (IAAF) Ethics Commission's decision from January of last year.

The two others were Papa Massata Diack, who was a marketing consultant to the IAAF and is the son of former IAAF President Lamine Diack, and Alexei Melnikov, the former chief RusAF coach for long distance walkers and runners.

The trio filed appeals at CAS seeking the annulment of their life bans, imposed by the IAAF Ethics Commission which concluded that figures within the sport had been "guilty of blackmail" since 2011.

The appeals were consolidated and referred to the same panel of CAS arbitrators who concluded that on the evidence adduced, the charges against Balakhnichev, Diack and Melnikov were established beyond reasonable doubt and that the sanctions imposed should be upheld.

In November, Balakhnichev vowed to launch an appeal to the Swiss Supreme Court if CAS ruled against him.

But the former IAAF treasurer has now told TASS he does not think there is any use in challenging the verdict.

"We will think it over with my lawyer Artyom Patsev, but even when we were submitting an appeal to CAS I was well aware that the decision won't be in my favour given the geopolitical situation," Balakhnichev said.

The CAS decision can be challenged only in the Swiss Federal Court, which cannot revoke the decision, but has the right to refer the case for re-examination in the event facts or violations to rules of procedure are revealed.

Former IAAF anti-doping director Gabriel Dollé received a five-year ban following the world governing body's Ethics Commission's decision.

The quartet were charged in relation to payments totalling approximately £435,000 ($558,000/€474,000) made by Russia's Liliya Shobukhova, the 2010 London Marathon winner and a three-time Chicago Marathon champion, in order to cover-up doping violations.

The RusAF had knowledge of Shobukhova's suspicious biological passport readings in 2011 but "abnormalities" were not announced until three years later, the IAAF Ethics Commission reported.

Among events she is alleged to have competed at after suspicions were first raised and payments were taken was the 2012 Olympic Games in London, where she failed to finish the marathon.

Lamine Diack is currently at the centre of a French investigation exploring allegations that he was at the centre of the cabal of IAAF officials accepting bribes in return for the covering up of Russian doping cases.

An international arrest warrant remains in place for his son Papa Massata, who is believed to be in his native Senegal.