Ferrari team principal Frederic Vasseur believes the penalty issued to Red Bull for their cost cap breach was "too light".

The championship leaders were fined $7million and lost 10 per cent of their wind tunnel time after being deemed to have breached the cost cap in 2021, Formula One's inaugural season with the new regulations.

Already having the least time in the wind tunnel due to being crowned champions in 2022, Red Bull's aerodynamic development over the course of the season could be hindered – potentially opening the door for their rivals.

However, Vasseur does not see it that way and believes Red Bull already have a significant enough advantage, rendering the punishment as "marginal" in his eyes.

"The penalty for me was very low," Vasseur said in a recent media call, per ESPN.

"If you consider that basically we will improve a bit less than a second over the season in terms of aero, you get a penalty of 10 percent of this it's one-tenth and as it's not a linear progression it's probably less.

"You are allowed to spend this money somewhere else, so it means for me the penalty is marginal.

"If you consider that you have an advantage at the beginning of the season because you spend more the year before, then the compensation...

"I don't want to say that they didn't do a good job because I think honestly that they did a very good job on the car. I'm not trying to find an excuse at all. It's not this. But if you ask me if the penalty is too light, I say yes."