We never know what it may happen, for example the US may forbid any Russian athletes to perform on their country forcing a relocation of the fight or its cancellation, sponsors may boycott the fight, the US fans of boxing are one of the main consumers of PPV and they may boycott the fight as well, the WBA could avoid sanctioning the fight and as such it would not be a title fight anymore, so when we think about all the things that could happen then we can see the fight could be canceled at any moment.
Lets not speculate things and remain positive until we see any official announcement of the cancellation of this match. This match is to be played on May 07, and by that time the conflict between Ukraine and Russia would be over and things would be normal by then.
Let us hope that is the case, I want to see this fight since Bivol is going to be a an interesting rival for Canelo, however it is undeniable that there is a risk the fight could be canceled, so while I agree that we must remain positive at the same time we cannot close our eyes to the truth, which is that the cancellation of the fight is a real possibility and it is something that could happen sooner or later whether we like it or not.
Nothing is certain and up to date there's no update to this fight, I also hope that it will proceed fans already missed Canelo and with this fight he will be test again, he's facing a much stronger and tougher opponent, he went up to this new division viewers expect him to adjust and with the fans; they are expecting him to be the same dominating fighter.
We will see that once the fight proceeds and both fighters are inside the ring, let see if how Canelo will adjust with the kind of opponent's Bivol like.
We will see if we can receive some good or bad updates next month as there could be some delays that will happen in line of the Russia and Ukraine conflict but I'm also looking forward just like you guys that this fight will happen in the exact scheduled date this 7th of May.
Other than that, worrying or speculating too much won't help.
Seems that there ain't something to worry about their upcoming fight because both camps are so silent and busy now preparing for the fight and also the match is scheduled this May so there's still a lot can happen in just a month like (hopefully) the war between the Russia and Ukraine will end.
I've read that Dmitry Bivol is confident that he can upset Canelo Alvarez.
On what he can do against Canelo that others couldn’t:
“I’m a different fighter. I’m a light heavyweight, I have good speed, I have good power. Every fighter is different. It means every fight will be different.”
On the keys to beating Canelo:
“To be honest, I just need to do my job, what I do best. It’s a good jab, good movement, and sometimes more pressure, sometimes go back. Everything I can do. If I do it well, I will win. I believe it.”
source