 According to WBA, Chagaev and promoter Timur Dugazaev have repeatedly failed to pay $40,750 in sanctioning fees related to Chagaev's majority decision victory against Fres Oquendo.The WBA said it sought payment multiple times and had no choice but to vacate the title when there was no response.It was announced on 28 July 2016 by manager Timur Dugashev that Chagaev announced his retirement from boxing at the age of 37 due to problems with his eyes.