The coronavirus pandemic has forced as many as seven races to be postponed as start of the Formula 1 season has been  delayed till at least June 7. Also Read - Haryana: Man Catches Fire While Cleaning Household Items With Alcohol-based Sanitiser

On Thursday, Monaco Grand Prix, Spanish Grand Prix and Dutch Grand Prix were postponed taking the count of total races to have been cancelled/postponed in 2020 to seven. Also Read - Amol Parashar Talks About His Ability to Connect With People Easily

In an ‘exceptional time’, F1 is trying to accommodate as many races this season as possible even as all the stakeholders agreed to delay the rolling out of new technical regulations until 2022. However, the new financial rules will be applicable in 2021. Also Read - Tokyo to Host The Postponed Olympics From July 23 to August 8 2021

“At the meeting there was full support for the plans to reschedule as many of the postponed races as possible as soon as it is safe to do so,” F1 said in a statement. “Formula 1 and the FIA will now work to finalise a revised 2020 calendar and will consult with the teams, but as agreed at the meeting the revised calendar will not require their formal approval. This will give us the necessary flexibility to agree revised timings with affected race promoters and to be ready to start racing at the right moment.”

The iconic Monaco Grand Prix has altogether being cancelled for this year, the first time the race will be missing a season since 1954.

“In addition, as announced by the FIA, it was agreed unanimously at the meeting that the implementation of the Technical Regulations due to take effect from the 2021 season will be postponed until 2022,” it added.

The teams will use the same chassis for the next season as well in light of the financial turmoil the teams will find themselves due to the coronavirus pandemic.  “Due to the currently volatile financial situation this has created, it has been agreed that teams will use their 2020 chassis for 2021, with the potential freezing of further components to be discussed in due course. The introduction and implementation of the Financial Regulations will go ahead as planned in 2021,” F1 said.