Russia's national and club football sides have all been suspended "until further notice", UEFA and FIFA have confirmed.
The decision comes in the wake of the country's invasion of the Ukraine last week and the subsequent announcement by several national football associations, including next month's scheduled World Cup play-off semi-final opponents Poland, that they would refuse to fulfil fixtures against Russia.
Sweden and Czech Republic, who were due to face the winners of the 24 March clash, also said they would not play the Russians.
A joint statement from the world and European football authorities said: "Following the initial decisions adopted by the FIFA Council and the UEFA Executive Committee, which envisaged the adoption of additional measures, FIFA and UEFA have today decided together that all Russian teams, whether national representative teams or club teams, shall be suspended from participation in both FIFA and UEFA competitions until further notice.
"These decisions were adopted today by the Bureau of the FIFA Council and the Executive Committee of UEFA, respectively the highest decision-making bodies of both institutions on such urgent matters.
"Football is fully united here and in full solidarity with all the people affected in Ukraine. Both Presidents hope that the situation in Ukraine will improve significantly and rapidly so that football can again be a vector for unity and peace amongst people.
FIFA had faced criticism over its initial decision on Sunday night to allow Russia to continue to compete in the men's World Cup play-offs, but on neutral territory and under the Football Union of Russia banner.
UEFA had already moved the Champions League final from St Petersburg to Paris but has also now suspended the Russian national teams from the Women's Euros, men's Nations League, and Spartak Moscow from the Europa League last-16.
UEFA has also cancelled their sponsorship deal with Russian energy company Gazprom, a source close to European football's governing body confirmed.
The sponsorship deal had been in place since 2012 and has been reported to be worth around €40m per season. German club Schalke announced the premature end of its deal with the same company earlier on Monday.
The moves by UEFA and FIFA came hours after a call from the International Olympic Committee for international sports federations to ban Russian and Belarusian athletes and officials from competing in events.
Earlier on Monday, the Scottish Football Association and the Football Association of Ireland joined the English and Welsh FAs in refusing to face Russia in an international fixture at any level.
The SFA and FAI also offered their support to the Ukrainian federation with regard to the organisation of matches scheduled against the team later this year.
Scotland are due to host Ukraine in a World Cup play-off semi-final in March and then in the Nations League in June, with an away fixture set for September.
The Republic are due to play Ukraine twice in the Nations League in June, first at Dublin's Aviva Stadium and then at a neutral venue unless current UEFA guidance changes.