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SOCHI, February 27. /TASS/. The contract on Russia’s inclusion in the calendar of Formula One racing has been extended till 2025, Russian Deputy Prime Minister Dmitry Kozak said on Monday.
"We held negotiations and the contract for holding FIA Formula One racing Grand Prix in Russia has been extended till 2025," Kozak told TASS on the sidelines of the Russian investment forum in Sochi.
The contract to include Russia in the calendar of F1 racing for the 2014-2020 period was signed in 2010 in Sochi by then-Prime Minister Vladimir Putin and Formula One chief executive Bernie Ecclestone.
This year Russia will hold its fourth FIA Formula One racing Grand Prix in Sochi from April 28 to April 30.
The program of this year’s Russian investment forum focuses on three major topics, namely New Regional Policy. Opportunities for Development; Improving Business Performance: Opportunities for Growth; and Projects for Life.
TASS is the forum’s general information partner and official photo host agency.