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Formula 1 Cancels Russian Grand Prix After Ukraine Invasion

Formula 1 will NOT return to Russia in September ... with organizers saying it is "impossible" to hold the event in Sochi following the attack on Ukraine.

"We are watching the developments in Ukraine with sadness and shock and hope for a swift and peaceful resolution to the present situation," the org. said in a statement Friday.

"On Thursday evening Formula 1, the FIA, and the teams discussed the position of our sport, and the conclusion is, including the view of all relevant stakeholders, that it is impossible to hold the Russian Grand Prix in the current circumstances.