The Daily Mail said Mercedes, whose Malaysian sponsor Petronas has set up a fund for the families of the 298 victims, is privately 'uneasy' about attending an event so closely associated with Vladimir Putin.
But Bernie Ecclestone, who earlier this year revealed his "great admiration" for the controversial Russian president, insists: "I don't see any problem with going.
"We are not involved in politics. We have a contract with them. We'll respect it 100 per cent and so will Mr Putin, I'm sure. He's been very supportive," the F1 chief executive added.
The Daily Mail quoted a FIA spokesman as saying that while the Paris federation is "awake to the situation", it did not want to "mix politics and sport".