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FIA reduces 2022 budget cap

Following the news that the Russian Grand Prix will not be replaced in 2022, the budget cap has subsequently decreased due to the expenses that will no longer be incurred. When Russian Vladimir Putin ordered his troops to invade Ukraine in February, the FIA immediately moved to cancel this year’s Russian Grand Prix, and banned competitors from Russia and Belarus – who aided the war efforts – from competing under those nationalities. The neutral flag for the drivers was enforced conjointly with an immediate ban on branding, colours and anthems from Russia and Belarus, and Formula 1 later announced that its contract with organisers of the race had been terminated, likely until Putin is...
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