Moscon has been given a formal written warning and has been told another similar breach of conduct will result in the termination of his contract.

The 23-year-old admitted to using racially abusive language towards Frenchman Reza at the end of stage three of the race on Friday (April 28).

According to cyclingnews, Team Sky directeur sportif Nicolas Portal and Moscon visited FDJ and the French rider to apologise for the incident, which was accepted by Reza.

"Following a disciplinary meeting with Team Sky concerning an incident at the Tour of Romandie, Gianni Moscon has been given a formal written warning and suspended from racing for six weeks," a statement from Team Sky read. 

"He will also attend a diversity awareness course.

“Gianni recognises that his behaviour was wrong and how seriously Team Sky take this kind of incident. 

"He apologised to Kévin Reza after the stage and again to him and his team the following morning, and this apology was accepted. 

"Gianni knows that there is no excuse for his behaviour and that any repeat will result in termination of his contract."

The decision was taken following a disciplinary hearing involving Moscon and Team Sky's senior management.

An investigation has also been launched by the International Cycling Union (UCI).

Moscon, who was allowed to complete the race, which finished on Sunday (April 30), could be banned for as long as six months as a result of the incident, which has sparked widespread condemnation.

It led to one member of the peloton - Reza's team-mate Sebastien Reichenbach - describing the culprit as a "disgrace to the sport".

He did not directly mention Moscon but his comments, made on Twitter, came on the day the incident took place.

"Shocked to hear idiots still using racist insults in the pro peloton," said Reichenbach.