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The event, which was set to move to a new track outside St
Petersburg next year from its current Sochi Olympic park venue,
had a contract until 2025.
The sport announced the cancellation of the 2022 race,
originally scheduled for Sept 25, last week.
"Formula One can confirm it has terminated its contract with the
Russian Grand Prix promoter meaning Russia will not have a race
in the future," a statement from the sport's commercial rights
holder, which decides the calendar, said.
Formula One's move to effectively pull out of Russia comes after
the sport's governing body, the FIA, on Tuesday condemned the
country's invasion of Ukraine but said Russian and Belarusian
drivers could still take part in its competitions in a neutral
capacity.
British federation Motorsport UK on Wednesday banned Russian and
Belarusian license holders from racing in the country regardless
of the flag they compete under.
Nikita Mazepin is the only Russian on the Formula One grid.
The 22-year-old already faces an uncertain future after his
U.S.-owned Haas team removed all branding related to Russian
potash producer and title sponsor Uralkali from its car on the
final day of last week's Barcelona test.
Uralkali is owned by Mazepin's father, oligarch Dmitry Mazepin,
and the fate of the partnership and the Russian's continued
presence at the team is set to be decided this week.
The Russian Grand Prix joined the calendar in 2014.
It has been attended by President Vladimir Putin in the past,
with the Russian leader even handing out trophies on the podium.
Russia launched an all-out invasion of Ukraine last week, with
Belarus used as a key staging area.
The country calls its actions in Ukraine a "special operation."
(Reporting by Abhishek Takle; Editing by Alison Williams and
Elaine Hardcastle)
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