Formula One terminates Russian Grand Prix contract

Formula One has confirmed that it has terminated its contract with the promoter of the Russian Grand Prix, meaning the sport has no plans to hold races in the country in the future.

The news comes in the wake of Russia's invasion of Ukraine and F1's decision last week not to race in Russia this September.

In a statement on Thursday, the sport confirmed that discussions followed last week's announcement led F1 to decide to terminate its contract with the race's promoter.

"Formula One can confirm that it has terminated its contract with the Russian Grand Prix promoter, which means that Russia will have no future races," the statement said.

F1's original deal to race in Russia was struck in 2014 between President Vladimir Putin and the sport's then-CEO, Bernie Ecclestone. The contract was to last until 2025.

Putin handed trophies on the podium to the top three finishers in 2014 and 2015.

The Russian Grand Prix was due to move from the Sochi Autodrome to the Igora Drive circuit outside St Petersburg in 2023.

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