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UEFA has also banned Russia from bidding to host the men's Euros in 2028 and 2032, while no Russian clubs will be allowed to compete in European competitions next season.
The "Financial Fair Play" system in place since 2010, and known as FFP, will be replaced in June by "Financial Sustainability" regulations.
Russian teams were expelled from competition on Feb. 28 “until further notice” following the country's invasion of Ukraine. FIFA and UEFA did not specify their legal reasons.
In light of the Ukraine invasion, FIFA and UEFA have expelled Russia from the FIFA World Cup 2022.
UEFA said it had tried to find a viable solution to reschedule Thursday's match in London and ensure the group stage could be completed.