The Russian was chosen at a virtually held Extraordinary Congress on December 12, beating four rivals, including Interim AIBA President Mohamed Moustahsane.

Among the key pledges that Kremlev promised to fulfil was wiping out AIBA’s debts, which had reached at least $16 million (£11 million/€13 million) and was cited by the International Olympic Committee (IOC) as a key reason for stripping the governing body of its right to organise the boxing tournament at Tokyo 2020.

AIBA announced last month that it had repaid a $10 million (£7 million/ €8.25 million) debt to Azeri company Benkons LLC - a loan for the now defunct World Series of Boxing - and announced a new two-year sponsorship deal with Russian energy firm Gazprom which it hopes will help provide much-needed financial stability.

"Finance has been a long-standing issue for the leadership of boxing, the sport I love," Kremlev told insidethegames.

"It has put our position in the Olympic family in danger.

"Closing the very significant million debt to Benkons is a core achievement for AIBA’s financial health and for our future Olympic prospects.

"I am thrilled that we have been able to ensure a stable financial future for our organisation."

Gazprom’s support ensures the short-term future of AIBA and allows Kremlev to continue introducing the reforms he has planned.

"This is a vital step for AIBA in reaching financial stability," he said.

"Gazprom is actively involved in the development of a number of sports and supports the values of boxing.

"We are grateful for their confidence, and we are sure that we have a productive partnership and many new joint victories ahead."

Kremlev succeeded Uzbekistan’s Gafur Rakhimov, whose alleged links to heroin trafficking was the final straw for the IOC when he was elected AIBA President in 2018.

It followed allegations of corruption among judges and referees at the 2016 Olympic boxing tournament in Rio de Janeiro.

At the time, AIBA promised to investigate but no report has ever been published and Kremlev has now promised to look back at the controversial events in the Brazilian city and warned anyone found guilty will be banned from the sport for life.

"As AIBA referees and judges it is your duty to defend the athletes against unfair competitions," he said.

"Should we hear about violation of these values, we will not hesitate to launch investigations and exclude those referees and judges that have been found guilty of a life-time.

"We have already launched a few investigations: into the Rio 2016 case and the recent AIBA Asian Championships.

"We are also reforming refereeing and judging and live scoring systems in favour of utmost transparency.

"We have created and launched professional courses for AIBA staff."

Kremlev does not plan to take his foot off the accelerator.

“We have already put a lot of work in, but we do not intend to stop," he told insidethegames.

“I still see plenty of room for development and I welcome the ideas of every member of AIBA.

“The input and experience from everyone on our team is extremely valuable to our organisation.

“It is also important to note that we are fully committed to gender equality principles, and we will continue to work to ensure equal opportunities and wellbeing for women in boxing.”