Russian competitors will be allowed to take part in international events despite the country's invasion of Ukraine.
President Mohammed ben Sulayem said the FIA condemns the Russian invasion of Ukraine.
Russian and Belarusian drivers and officials could compete in a neutral capacity, according to the statement.
The Russian Grand Prix was canceled because of force majeure.
The decision was in line with the recommendations of the IOC.
On Tuesday, the IOC called for Russian and Belarusian athletes to be prevented from competing in international events.
Nikita Mazepin, a Russian driver, will be allowed to race in F1 this season.
Last week, the team principal said the team had legal issues to go through.
A close associate of Russian president Vladimir Putin, the father of the 22-year-old is a major financial backer of the team.
The final day of the pre-season test in Barcelona was when the title partner's branding was removed.
A spokesman for the company declined to comment after the statement.
Formula 1 said last week that they were watching the developments in Ukraine with sadness and shock and hoped for a peaceful resolution to the situation. It was not possible to hold the Russian Grand Prix in the current circumstances.
The Russian and Belarusian national teams were not allowed to compete in international tournaments until further notice.
Russian competitors will only be allowed to take part in international events in their neutral capacity and under the auspices of theFIA, subject to specific commitment and adherence to the principles of peace and political neutrality.
The anthem will not be played and no Russian or Belarusian national symbols, colors or flags can be displayed on either uniform, equipment or car.
Russian and Belarusian members have been told to step aside temporarily from their roles.
The exclusion of Russian athletes from sport was said to be an unfair solution by the former F1 driver.
The former Red Bull driver said that sport should remain outside politics and that banning Russian athletes goes against what sport teaches us in principle.
Kvyat hopes for a peaceful solution to the situation in Ukranian.
Who else besides sports people will help to glue nations together in the future?
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