Blatter was penalized for paying 2 million Swiss francs (US$2 million) to former Union of European Football Associations (UEFA) chief Michel Platini, whose suspension was also reduced.
In a statement today, FIFA's ethics committee said Blatter and Vice-President Michel Platini had been found guilty of corruption allegations, involving a "disloyal payment" of $2 million made to Platini in 2011.
In a statement, FIFA's ethics committee said that the men are “banned from all football activities on a national and international level” for the next three months, effective immediately. The suspension could be extended by a further 45 days.
The world’s governing football body set the dates today during a meeting in Zurich. Kick-off will be on Nov. 21 and the tournament concludes on Qatar’s National Day.
Blatter said “there were two political interventions” from former German president Christian Wulff as well as former French president Nicolas Sarkozy and that the German politician recommended that his country’s football federation “vote for Qatar out of economic interests.”
"The elections are closed but the challenges that FIFA are facing have not come to an end. FIFA needs profound restructuring," Blatter said in a press conference tonight.
The 79-year-old Blatter, who has been president of FIFA since 1998, defeated Prince Ali bin Al Hussein of Jordan, at a time when the world's football governing body faces a serious crisis of confidence.
Despite promises to avoid clashing with the Winter Olympics timetable, a FIFA task force is considering moving the Qatar-hosted tournament up by six months so that it will be held in the cooler months here.