Red Bull have been fined USD7m for breaking Formula One’s budget rules, but will not have points deducted from their 2021 total, the sport’s governing body said on Friday. Red Bull will also be penalised with a 10 per cent reduction in permitted aerodynamic research. 

The FIA confirmed the team, which carried Max Verstappen to a contentious championship victory over Lewis Hamilton last year, overspent by GBP1.86 million ($2.15 million) in 2021.