Russia will host grand prix races near the Black Sea resort of Sochi starting in 2014 after signing a six-year contract with Formula One chief Bernie Ecclestone on Thursday.
Ecclestone and a regional Russian construction official penned the deal in Sochi, which is also hosting the 2014 Winter Olympics. Russia’s Prime Minister Vladimir Putin met with Ecclestone and attended the signing.
Russia has tried to get on the F1 circuit before, but former Moscow Mayor Yuri Luzhkov failed to reach an agreement with Ecclestone in 2002 to use the capital as a venue … Details
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