They're not cancelling anything. The Georgian team has already issued a statement that they will be going ahead with the event and will dedicate their performance to their fallen comrade.
Nobody could have foreseen a death on the track, but I think with the amount of bad feedback there has been going back to at least December 2008 there was an obvious foreseeable probability for a serious injury to occur. There will be some tough questions surrounding this, for sure, but for now it seems as if everything will be going ahead as planned.
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