MAY 11, 2001
Russia gets Ecclestone stamp of approval for GP
Ecclestone travelled to the Russian capital Moscow on Friday, where a new circuit is already under construction, and after meeting with Moscow mayor Yuri Luzhkov said the country is set to be the next new host of a Grand Prix.
"We have eight venues seeking Formula One rights at the moment, but I believe that this is where the next event should be," Ecclestone said.
"We are very happy with the venue. I am sure a Formula One race track can be constructed."
Arrows team-boss Tom Walkinshaw has pioneered the construction of a new circuit at Nagatino Island, in the south of Moscow, although it is expected to take another two years to complete.