Russia has missed the deadline to apply for a place on next year's calendar, blaming promoter JSC Omega.
Although construction work is still continuing at the Sochi venue, the inaugural Russian Grand Prix may have to wait a year before joining the F1 circus.
According to reports, the Russian Automobile Federation missed the July 31st deadline due to a financial dispute with promoter JSC Omega, who they claim failed to sign the necessary paperwork as well as pay a fee to the FIA.
A statement issued by the RAF said: "The application to the FIA for submitting the Russian Grand Prix to the 2014 Formula 1 calendar was not sent in proper time as JSC Omega (Promoter) didn't fulfil the necessary conditions.
"That is: [it] didn't sign a contract with the Russian Grand Prix organiser, didn't sign a deal for an application submission and also didn't pay a fee to the FIA for including an event on the FIA F1 calendar.
"RAF informs that it is ready to include the Russian Grand Prix on to the FIA calendar under force-majeure conditions, permissible by the FIA, as soon as the promoter fulfils all the necessary formalities."
Should the issues to resolved, the race has reportedly been pencilled in for October 19th 2014.