
The plans for a Russian GP having been in the pipeline for some time, Yuri Reilyan has now said that FOM (Formula One Management)'s Bernie Ecclestone expect to see it join the circus by 2014.
"He has suggested holding the first Grand Prix in autumn 2014," Reilyan, the Deputy Regional Development Minister, is quoted as saying by business newspaper Vedomosti, with the city of Sochi - already confirmed as home of 2014's Winter Olympic games - still tipped as the most probable location.
"It is too early to speak about the budget," Reilyan added. "The final project is yet to be established - it will be done by a committee, which will be established by the end of this year."