Grand Prix Planned For Moscow

At a press conference, Formula one boss Bernie Ecclestone confirmed that Moscow will host a Formula One Grand Prix event, probably in 2003. A new circuit is being built on a site south of the city, at an estimated cost of 112.7 m Euro.

No new race will be added to the F1 calendar, so Moscow will replace an existing event. Both Italy and Germany currently stage two races, so one of these is favourite to be dropped, although a possible ban on tobacco advertising at the race in Belgium may make that event unattractive to sponsors, and thus vulnerable..