Sebastian Vettel will face no further action after he collided with Lewis Hamilton at the Azerbaijan Grand Prix on 25 June.
At a meeting with the governing body of Formula 1, the FIA, the 29-year-old German admitted full responsibility for the incident.
The four-time world champion accused Hamilton of 'brake-testing' - deliberately slowing in front of him - as they jostled for position for a restart behind a safety car.
Vettel pulled alongside Hamilton and drove his Ferrari into the Mercedes, banging wheels.
He was given a 10-second stop-and-go penalty during the race after being found guilty of dangerous driving.
Hamilton was cleared of any wrongdoing and commented that Vettel’s driving was "disgusting" and "not sportsman's conduct".
Vettel finished a place ahead of Hamilton in fourth extending his championship lead to 14 points after the Briton was forced into the pits to change a loose head restraint.
The FIA said Vettel "has extended his sincere apologies to the FIA and the wider motorsport family.”
The FIA said that because of "the severity of the offence and its potential negative consequences", Vettel has been told that any repeat of his actions "would immediately be referred to the FIA International Tribunal for further investigation".