Breaking News: Uralkali’s Official Response to Haas F1 Legal Proceedings Unveiled

Breaking News: Uralkali's Official Response to Haas F1 Legal Proceedings Unveiled

P1racenews AI automatic summary:


Former Haas sponsor Uralkali has issued an exclusive statement to RacingNews365 and Formula.Hu.

Former Haas sponsor Uralkali issued a statement in response to RacingNews365’s report about attempting to seize its cars at the Dutch Grand Prix. The team was ordered to repay funds to Uralkali previously transferred in 2022, as their sponsorship deal was annulled after the Russian invasion of Ukraine. Due to economic sanctions, Haas couldn’t return the €12 million as instructed by a Swiss arbitrator. Haas confirmed its commitment to settle the debt in compliance with sanctions laws and expressed optimism in swiftly resolving the issue with Uralkali. Uralkali requested Dutch authorities to seize Haas equipment if the payment wasn’t made, leading to bailiffs taking inventory at the paddock. Uralkali, emphasizing Haas’ refusal to adhere to the arbitration decision, hopes for a prompt resolution to the situation to move forward amicably.

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