BUDAPEST: Renault have been banned from the European Grand Prix in Valencia on August 23 by the International Motorsports Federation (FIA).

The FIA took the drastic action after a wheel flew off the car of former world champion Fernando Alonso during Sunday's Hungarian Grand Prix with the team accused of not respecting security rules.

"Renault are suspended from the next event of the 2009 world championship," said a FIA statement.