Russia's invasion of Ukraine was condemned by the sporting community on Thursday, with President Vladimir Putin's country set to lose hosting rights for the Champions League final while Formula One drivers said it was "wrong" to race there this year.

Russia launched an all-out invasion of Ukraine by land, sea and air on Thursday, sparking immediate sporting ramifications.

The Champions League final is scheduled to be held in St. Petersburg in May but sources have told Reuters that UEFA, European soccer's governing body, is set to move the match to another venue. UEFA president Aleksander Ceferin has called an extraordinary meeting of the Executive Committee on Friday when the issue will be discussed.