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F1 terminates Russian Grand Prix contract

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

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

In a statement on Thursday, 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.