Mercedes accidentally fitted tyres belonging to Valtteri Bottas to Russell's car during Sunday's race at the Bahrain International Circuit, forcing the British driver to come back into the pits.
The front two tyres from Bottas' set of mediums were put on Russell's car as Mercedes double-stacked its cars in the pits
after a mix-up caused by a radio failure.
It forced Russell into another stop one lap later that dropped him to fifth place, before a fight back up to second and chance for victory was dashed by a late puncture.
Russell eventually crossed the line in ninth place, and also picked up a bonus point for setting the fastest lap of the race, but was at risk of losing them if Mercedes was hit with a penalty.
But the stewards confirmed after a hearing following the race that Mercedes had been fined €20,000 for the infringement, accepting the radio failure as a mitigating circumstance, and that it was not a bid to gain a sporting advantage.