The decision to cull the Russian Grand Prix has left F1 bosses desperately scrambling to fill a £40million void.
The race was due to be held in Sochi on September 25, but was removed from the F1 schedule this week amid Russia declaring war on Ukraine.
After four-time world champion Sebastian Vettel vowed not to race in Russia in protest, t he FIA released a statement on Friday confirming the race had been cancelled : "The FIA Formula 1 World Championship visits countries all over the world with a positive vision to unite people, bringing nations together.