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The 54-year-old German tennis great was sentenced for illicitly transferring large amounts of money and hiding assets after he was declared bankrupt.
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The British tournament becomes one of the first tennis events to suspend players from the two countries since Russia invaded Ukraine, and excludes several highly ranked players from competition.
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Barty is retiring only two months after winning the Australian Open, saying she wants to pursue other dreams.
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Last year, Peng made sexual assault allegations against a former Chinese party leader and then went missing for weeks.
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The Serbian tennis star says he understands he may miss the French Open and Wimbledon as a result. He adds that his decision is personal and he shouldn't be lumped in with anti-vaccination activists.
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In a carefully-managed interview with a French magazine, Peng also said she was retiring from tennis and said her private life should not be brought up in politics or sport.
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International Olympic Committee President Thomas Bach avoided taking positions on any political controversies ahead of the beginning of the Beijing Winter Games in a news conference Thursday.
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Nadal's 21st Grand Slam title broke a three-way tie he shared entering the final with Novak Djokovic and Roger Federer. It was the Spaniard's first Australian open win since 2009.
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On Saturday, 25-year-old Ash Barty brought Australia its first singles home win in the Open since the 1978 edition. The final game for the men's singles will be played on Sunday.
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She'll be the the first Australian woman to reach the final of her home major tournament in more than four decades.