The FIA has issued a code of conduct for all Russian and Belarusian drivers after deciding not to ban them from the sport.
Large sections of the sporting world have implemented sanctions on the two countries amid the ongoing invasion of Ukraine.
Russian driver Nikita Mazepin was banned from racing at the British GP and looks set to be axed by Haas altogether.
The FIA also terminated their contract with Russia to host a Grand Prix in Sochi, which was scheduled for September.
But unlike some other sporting governing bodies, the FIA has not issued a full-time ban on Russian drivers from competition.
On Friday morning, the FIA issued two new statements.
The first confirmed the decision that Russian and Belarusian drivers will be allowed to compete under a neutral FIA flag.
The second was a ‘driver commitment’ form which all Russian and Belarusian drivers must now agree to and sign.
It issued another statement which confirmed they would not rule out taking further action in future.
A statement read: “The FIA continues to carefully monitor the events in Ukraine and reserves the right to take any further actions or implement further measures in the future.
“This includes any necessary actions required to comply with its obligations under any applicable sanctions regime and/or any contracts to which the FIA is a party.”
Russia killed 47 more people in airstrikes using cluster bombs on the Ukrainian city of Chernihiv, local authorities claim.
Shocking pictures showed extensive damage to an apartment block after the city was shelled on Thursday.
Russia also risked a 'nuclear apocalypse' by attacking the Zaporizhzhia power station, Ukraine said.
Over 200 Ukrainians have been killed in the invasion, with over 500 people injured, although many more are said to be unaccounted for.
Over a million people have fled the country and entered neighbouring countries such as Poland, Romania and Hungary.
