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By Andrew BensonChief F1 writer
Last updated on 11 minutes ago.From the section Formula 1
Red Bull have been hit with a $7m (£6.07m) fine and a 10% reduction in permitted aerodynamic research for breaking Formula 1's budget cap.
Governing body the FIA said that Red Bull had overspent by £1.86m in 2021, when Max Verstappen won his first title.
More to follow.