The International Olympic Committee (IOC) has the power to delay the inaugural Russian grand prix for a year.
The resort city Sochi has scheduled both the Winter Olympics and formula one for 2014, but it emerged recently that the Games is the priority.
IOC executive director Gilbert Felli confirmed that if construction of the F1 facilities puts the Games at risk, the inaugural race will be pushed back to 2015.
"If the IOC decides it (the grand prix) is not feasible, we could stop and postpone it until 2015. The IOC will make that decision," he is quoted by the Associated Press.