For exceeding the Formula 1 budget cap, Red Bull was penalized with a $7 million (£6.07 million) fine and a 10% reduction in permitted aerodynamic research.
According to governing body the FIA, Red Bull overspent by £1.86 million in 2021.
Their monetary penalty does not include a decrease in their allowed spending for the next year, when the budget cap is $135 million.
The 10% reduction is in the amount of time they can spend utilizing computational fluid dynamics or their wind tunnel to develop their car.
“We have been provided a significant financial and sporting penalty – $7m is an enormous amount of money and the more draconian part is the sporting penalty, which is a 10% reduction in our ability to use our wind tunnel and aerodynamic tools,” Red Bull team principal Christian Horner said.
“That is an enormous amount. That represents between 0.25secs and 0.5secs of lap time. It comes in from now and will be in place for a 12-month period and will have an impact on development of our 2023 car.”
The punishment comes after Red Bull acknowledged they were at fault and entered into a so-called “accepted breach agreement” with the FIA.
“Why have we accepted it? We felt it was in everyone’s interests to close the book. We accept the penalties – begrudgingly, but we accept them,” Horner added.