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Francois Sicard says his DAMS team has no intention of joining the new FIA Formula 3 Championship in the near future, despite paddock speculation suggesting otherwise.

DAMS competed in the FIA F3 predecessor GP3 series in both 2016 and '17 and it currently leads the F2 standings.

The DAMS team is currently working in partnership with Nissan in Formula E this year, in addition to running its own F2 squad.

Its F2 team fields a pair of Formula 1 juniors in championship leader Nicholas Latifi of Williams and McLaren's Sergio Sette Camara.

Sicard said he was impressed with the new F3 championship and would not rule out a future entry for his team.

"To be honest, at the moment we are very busy at DAMS," Sicard told Autosport.

"When you want to do Formula 2 and, at the same time, do Formula E with the involvement of Nissan, it is taking a huge amount of effort.

"We want to do very well in both championships.

"I'm not saying we will not go to Formula 3, maybe one day we will be back.

"At the moment we are too busy, and it takes too much effort to succeed at this level. "We cannot be distracted, and it's not the right time to do it.

"Maybe when we are more mature in both championships we will look at it [FIA F3]."

The new FIA F3 series has begun with 10 teams fielding three cars each, as per the regulations set out by the championship organisers.

Bruno Michel, CEO of FIA F3, told Autosport last year that the series may consider the 10-team limit in the future.