The decision was taken after a careful consideration of the continuous political situation and security issues in Ukraine, which deemed as less than favourable for the staging of such an important and demanding event.
The Board took note of the efforts made by the Ukrainian Federation and the country's giant strides in recent years, including a 6th place finish at EuroBasket 2013 and their participation in the 2014 FIBA Basketball World Cup.
In that regard the Board declared its willingness to help the Ukraine Federation in its efforts to promote basketball and decided to authorize the President of FIBA Europe Turgay Demirel and the Secretary General Kamil Novak to start negotiations immediately with the Ukrainian side on the possibility of the country hosting EuroBasket 2017 and provided that some necessary conditions are met.
With regard to EuroBasket 2015 a new bidding process will now be opened to all European Federations inviting single or multi-country bids.
All interested parties will have to present the required official documentation and guarantees by 31st July, 2014.
A decision on the new EuroBasket 2015 hosts is expected by 30 September, 2014 at the latest.
The Board has also decided that next year's event will be played with the new system of competition which was originally set to come into force in 2017. It also confirmed the competition dates.
The above means that EuroBasket 2015 will take place between 5 -20 September, 2015 and will still feature 24 teams but after the initial group phase (4 groups of 6 teams each) the teams will enter an knockout phase.