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Putin Hosts Russian F1 Grand Prix at Sochi Olympic Venue

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President Vladimir Putin will host Russia’s first-ever Formula One Grand Prix tomorrow in Sochi even as global investors are turning away from the country amid the weakening ruble and tensions over Ukraine.

Putin will attend the race with Bahrain’s King Hamad bin Isa Al Khalifa, the Kremlin said yesterday in a statement. Russians are expected to make up more than 90 percent of spectators at the track around the site of the Winter Olympics.