Juan Manuel Correa is in stable condition in hospital after surgery for fractured legs and a minor spinal injury following the Spa Formula 2 crash in which Anthoine Hubert died.
The accident occurred on lap two of the F2 feature race on Saturday. Giuliano Alesi lost control of his car at Eau Rouge, and Hubert went off in avoidance at Raidillon. His car was then hit at high speed by Sauber Junior Team driver Correa.
The FIA confirmed that Hubert succumbed to his injuries at 18:35 local time, over an hour after the accident, and that Correa had been transported to hospital in Liege.
After undergoing surgery for his injuries, Correa remains in the Intensive Care Unit.
A statement from Correa's media team read: "A victim of an accident that happened in front of him, Correa had no place to go and made contact with a fellow competitor's stopped FIA Formula 2 car.
"Suffering fractures to both of his legs and a minor spinal injury, Correa underwent surgery and is resting in intensive care.
"At the current moment, Juan Manuel Correa's condition is stable. He was taken by helicopter to a hospital where he underwent surgery.
"Juan Manuel remained conscious the entire time until his admission to the operating room.
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"While you keep Juan Manuel in your thoughts and prayers, please also pray for the well being of Anthoine Hubert's friends and family. In motorsports, we are a family, and we lost one of our family members today.
"More updates on Juan Manuel's condition will be made public when available."
F2 has cancelled its Sunday race following Hubert's death.
Twenty-year-old Correa, an F2 rookie, had recently undertaken his first Formula 1 test with the Alfa Romeo team using an older-specification Sauber.