Formula One concludes Russian Grand Prix contract

Formula One's massive step of cutting off ties with Russia comes after the country's invasion of Ukraine.

Formula One has announced that it has concluded its association with the promoter of the Russian Grand Prix. The sport plans to avoid hosting a race in the country in the future.

Formula One’s massive step of cutting off ties with Russia comes after the country’s invasion of Ukraine. Formula One also decided last week not to race in Russia later this year in September.

In a statement released, the sport unveiled that discussions after the previous week’s announcement led Formula One to decide to terminate its contract with the race’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 said.

Formula One and Russia struck a deal in 2014. The deal was finalised between President Vladimir Putin and the sport’s then-CEO, Bernie Ecclestone. The contract was inked till 2025. Putin presented trophies on the podium to the top three racers in 2014 and 2015.

The venue for the Russian Grand Prix 2023 was scheduled to change from Sochi Autodrom to the Igora Drive circuit outside St. Petersburg.

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