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Russia's Sochi to host Formula 1 races

The document to this effect was signed by Mikhail Kapirulin, general director of the Omega center for the transfer of technology of the construction sector of the Krasnodar region, and Bernie Ecclestone, the owner of commercial rights to the Formula 1 series.

Presumably, the world’s most admired car races will be held in the southern Russian city starting in 2014. The agreement spans 7 years, but can also be extended for another 5 years.
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