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Formula 1 won't refund Russian GP entry fee
Formula 1 has reportedly opted not to give Russia’s entry fee back to race promoter Rosgonki, and VTB, the Russian state-owned bank that sponsored the event, will not be reimbursing them. F1 was set to hold the ninth Russian Grand Prix in Sochi this season having made its first appearance there in 2014, the same year that the Winter Olympics were hosted there. However, it was called off by the FIA after Russian president Vladimir Putin ordered an invasion of Ukraine, and F1 would later terminate its contract with the promoters of the Russian Grand Prix. READ: Hamilton admits health concern over porpoising as Russell calls for solution It means that the proposed switch to St Petersburg...
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3y ago from Formula1News.co.uk
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