Formula One has officially announced that it has terminated its deal with the promoter of the Russian Grand Prix, which means that the series does not intend to hold a Formula 1 Grand Prix in the country in the future.
The decision has been taked as a result of Russia’s invasion of Ukraine and comes after the sport confirmed last week that it would not race in Russia in September this year.
In a statement on Thursday, Formula 1 officially confirmed that discussions following last week’s announcement led to the call to terminate its contract with the event’s promoter.
“Formula One can confirm it has terminated its contract with the Russian Grand Prix promoter meaning Russia will not have a race in the future,” the statement explained.
The inital contract bewteen Formula 1 and the Russian promoter was made eight years ago when President Vladimir Putin and the sport’s then CEO Bernie Ecclestone signed the deal.
Vladimir Putin handed out trophies on the podium to the top three finishers in 2014 and 2015.
The Russian Grand Prix was due to relocate from Sochi Autodrom to the Igora Drive circuit outside St Petersburg starting with the 2023 Formula 1 season.