Players will not receive ranking points at Wimbledon following the decision to ban Russian and Belarusian competitors from the tournament.
Players from the countries have been banned by the All England Lawn Tennis Club from all UK grass-court events after the Russian invasion of Ukraine.
“It is with great regret and reluctance that we see no option,” said the ATP.
The WTA said it was a “difficult decision”.
The International Tennis Federation (ITF) will not grant ranking points in the junior and wheelchair events at Wimbledon, which starts on 27 June.
The ATP decision means Serbia’s Novak Djokovic – the defending men’s champion – will lose his status as the world number one.
Djokovic, a six-time champion at Wimbledon, will be unable to retain the 2,000 ranking points he earned by winning the title last year and is only 680 ahead of nearest rival Daniil Medvedev.
“The stance we are taking is about protecting the equal opportunities that WTA players should have to compete as individuals,” added the WTA, the women’s governing body.
“If we do not take this stance, then we abandon our fundamental principle and allow the WTA to become an example to support discrimination based on nationality at other events and in other regions around the world.”
In a statement, the All England Lawn Tennis Club expressed its “deep disappointment” and said it was considering its options.
It added: “We believe these decisions to be disproportionate in the context of the exceptional and extreme circumstances of this situation and the position we found ourselves in.
“We remain unwilling to accept success or participation at Wimbledon being used to benefit the propaganda machine of the Russian regime, which, through its closely controlled state media, has an acknowledged history of using sporting success to support a triumphant narrative to the Russian people.”
Announcing the move, the ATP said: “Unilateral decisions of this nature [by Wimbledon], if unaddressed, set a damaging precedent for the rest of the tour.
“Discrimination by individual tournaments is simply not viable on a tour that operates in more than 30 countries.”
It added: “We remain hopeful of further discussions with Wimbledon leading to an acceptable outcome for all concerned.”
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