Update: Race promoter Rosgonki insists event could still go ahead
Updated 17:30 Friday 25th February 2022. The promotor of the Russian Grand Prix (Rosgonki) has confirmed that the contract to hold the F1 race in Sochi has been suspended, but claimed that there is still scope for the event to take place and that it had been suspended and “not cancelled”.
Asking fans not to ask for refunds a statement from the company said: "According to the official statement released by Formula 1 on 25/02/2022, due to the current political situation in the world, the FIA has decided to suspend preparations for the Formula 1 World Championship round in Russia previously scheduled to be held in Sochi in September 2022 because it is impossible to hold it in the current circumstances.
"The agreement between the official Russian Grand Prix promoter ANO 'ROSGONKI' and Formula 1 is suspended due to force majeure events.
"The purchased tickets are not cancelled – there is no need to get refunds for them now because it is still possible that the round will take place and will be held as previously scheduled.
"ANO 'ROSGONKI' continues its business as usual providing services to the Sochi Autodrom guests, as well as organising and holding motorsport and other events of the federal, regional and municipal level as part of the event calendar approved."