• Oct 14, 2010
Russian premier Vladimir Putin (right) has big plans to put his country on the map of world-class sporting events. In 2014, the Black Sea resort town of Sochi will play host to the Winter Olympics. In 2018, Putin hopes to be hosting the World Cup. But not before the country secures its own Formula One grand prix.

The country's leader met with F1 chief Bernie Ecclestone on the matter and has reportedly inked a deal to host its very own race. While the Olympics are expected to cost Russia some $6.1 billion to put together, putting on the grand prix – reportedly secured for six years from 2014 through 2020 – is tipped to cost the country $200 million to build the track, and another $40 million in commercial rights each year. The plan reportedly involves building the circuit at the same Sochi location as the winter games, thereby neatly utilizing much of the same tourist infrastructure.

The emergence of a Russian Grand Prix has been in the making for some time, as participants from the world's largest country have been making inroads into Formula One. The Midland F1 team that followed Jordan Grand Prix and preceded the Spyker and current Force India teams was billed as the first Russian F1 team (despite being based in England), while this year Renault – which has been investing heavily in the Russian car market – brought in Vitaly Petrov as the sport's first Russian driver. The team has twice held promotional demonstration events in the country: one in Moscow and another in the proposed site at Sochi.

[Source: Bloomberg | Image: Mikhail Metzel/AP]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 18 Comments
      • 4 Years Ago
      Great picture! They look so awkward.
        • 4 Years Ago
        yeah .... considering the guy is 79 years old and still trying to get his next billion UK pound mark on his bank account.

        Net worth ▲£1.466 billion (2009)
      • 4 Years Ago
      Awesome ! Article was so commendable . I hope , you will give more information ........................................................
      regards:
      http://www.viaam.com
      • 4 Years Ago
      Putin is running Russia again? thats news
        • 4 Years Ago
        He's premier/prime minister. Medvedev is the President but Putin is still pretty high up the chain of command.
        • 4 Years Ago
        Medvedev is Putin's padawan. before he left the presdency , Putin changed the constitotion to give more power to the prime minister.

        in Russia the president can only be in power for 2 consecutive terms , then another president must be voted , after his term , the previuos president can be in power again. that's Putin's plan, Medvedev is just a filler until Putin can run for president again.

      • 4 Years Ago
      I think Petrov might hang around a little while longer with all that Russian money backing him. I was kind of hoping the talk of Renault letting him go might be true so there might be a chance for Kobayashi to get that seat. It would be a long shot since Renault would probably want a more experienced driver like Raikkonen or someone like that.
        • 4 Years Ago
        I would love to see Kobayashi in a better car. Its a nice change to pace to see some really aggressive driving.
      • 4 Years Ago
      Wondering how long before a F1 car gets stolen & held for ranson . . . .
      • 4 Years Ago
      I'll take any race as long as it gives me more F1 to watch.
      • 4 Years Ago
      That pic is a caption waiting to happen.
      • 4 Years Ago
      Let's hope they ask someone new to design the circuit, the last thing we need is another Hermann Tilke design.
      • 4 Years Ago
      russia and marketing, fail... again.
      • 4 Years Ago
      Putin rules.
      • 4 Years Ago
      when is berni going to get a new hair stylist--mabey he should call THE donald
      • 4 Years Ago
      Caption: "No Bernie, we will not pay your 10 million extortion fee - you will have the grand prix here or I break both your legs"
    • Load More Comments