"Beyond the decisions, the matters at issue were vital to the integrity of Formula One, both during the current season and in the future," said the team in a brief statement.
"However, intensive and constructive work between the FIA, Renault DP World F1 Team and all Formula One stakeholders has led to concrete progress in safeguarding the originality in the sport by way of amendments to the Sporting and Technical Regulations planned for the 2021 racing season, confirming the requirements to qualify as a Constructor.
"Reaching this strategic objective, in the context of the new Concorde Agreement, was our priority. The controversy of the start of this season should be put behind us, as we need to focus on the remainder of an intense and unique Championship."
It remains to be seen if Ferrari will follow suit.