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Formula 1 terminates contract with Russian Grand Prix

Formula 1 terminates contract with Russian Grand Prix

Formula 1 has confirmed that it has terminated its contract with the Russian Grand Prix. 

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

In a statement Thursday March 3, the sport confirmed that discussions following last week’s announcement led F1 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.

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 due to run through 2025.

Nikita Mazepin is currently the only Russian driver on the F1 grid and there has been increasing speculation over whether he will be dropped by Haas ahead of the upcoming season.

Mazepin’s father, Dmitry, is a Belarusian-Russian oligarch who was pictured with Putin as recently as in January. He is the majority shareholder in chemical manufacturing company Uralchem, who are one of Haas’ major sponsors.

Read Also: Six teams sent packing from tournament

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