Russia to Host Formula One Grand Prix Race From 2014

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Russia will host a Grand Prix car race from 2014 to at least 2020 at the Black Sea resort of Sochi under an agreement signed today with Formula One chief Bernie Ecclestone.

“I’m very happy not only to have Formula One in Russia, but now in Sochi I’m delighted to see all the facilities you’ve built for the Olympics,” Ecclestone told Putin in the Black Sea resort today. “I sincerely hope that Formula One is going to play a big part in what I can see happening in Sochi.”