The International Tournament of the President's Cup is annual. The Cup — the main tournament trophy — is perpetual. It is awarded to the winning team in the team classification. Scaled-down models of the President's Cup in weightlifting are awarded to athletes winners in each weight division. This tournament is a qualification phase for the Olympic Games, it is included in the IWF Calendar. Its organizers are the International Weightlifting Federation, the Ministry of Transport of the Russian Federation and the Russian Weightlifting Federation.