The sport has no plans to hold a race in the country in the future after it terminated its contract with the promoter of the Russian Grand Prix.
The news comes a week after F1 decided not to race in Russia in September due to the invasion of Ukraine.
F1 decided to end its contract with the race's promoter after discussions following last week's announcement.
The Russian Grand Prix promoter's contract with Formula One has been terminated, meaning Russia won't have a race in the future.
The original deal for F1 to race in Russia was struck in the year 2014).
The top three people in each of the last two years received trophy on the podium.
The Russian Grand Prix was going to be relocated to a circuit outside of St Petersburg.