Well, this probably means the final nail in the coffin, as very likely (and deservedly the funds for canoe sprint will be cut to minimum, no need to waste any money on a federation whic is not able to even qualify one boat to the Olympics). Nobody was seeing this happen (or better say did not want to see it)
It was nice while it lasted. Literally All my life I saw our athletes fighting for medals at the Olympics, and many times they delivered (K4 in regular basis) now it will be hard to accept that it suddenly stopped (There will be a lot of carnage in our fedaration and many heads will fall I guess, but, it will come too late and end in vain, no olympics = no funds = end).