The Russian organizing committee announced in July that the Russian Grand Prix was scheduled for 19 October in Sochi city between the edges of the Black Sea and the Caucasus Mountains, the host of the Winter Olympics in February. Expenditures for the Grand Prix wanted by President Vladimir Putin and organized on the site of the future Olympic Games have increased by more than 70% compared to initial estimates, had reported last week the daily Vedomosti.
The cost of improvements is estimated at 11 billion rubles (260 million euros), against 148 million euros at the time of the signing in 2010 of the Agreement between Vladimir Putin, then prime minister, and Bernie Ecclestone, the big treasurer of F1, as Vedomosti citing Tsentr Omega Project Group.
Mexico is back in business for the first time since 1992, on the old circuit Brothers Rodriguez in Mexico City, which will be renovated in time for a GP set on 16 November.
Also return to the Austrian GP Red Bull Ring (formerly A1 Ring) being renovated by Dietrich Mateschitz, the energy drink magnate.
The Belgian Grand Prix will take place on August 24 at Spa-Francorchamps.
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