VTB Group has been announced as the title sponsors of the Russian Grand Prix. The VTB Group, which offers a wide range of financial and banking services in Russia, the CIS, Western Europe, North America, Asia and Africa, will have its logo and name included into the logo and name of the event and has obtained additional advertising, marketing and communication options.

"The right to be the title sponsor of such a major international project opens up new opportunities for both VTB Group and the Russian round of the World Championship," said Vasily Titov, First Deputy President and Chairman of VTB Management Board. "I am confident that our cooperation will become an example of an effective sponsorship in the area of motorsport for many companies. We are looking forward to seeing everyone at the Grand Prix in Sochi on 28-30 April."

"We are glad that the Formula One Russian Grand Prix has received the support of VTB, our country's leading financial group," added Elena Zaritskaya, General Director of NPJSC "Center "Omega", the Russian Grand Prix promoter. "As the company that owns Sochi Autodrom, we would like to welcome VTB as the Event Title Partner".

"The 2017 Formula 1 VTB Russian Grand Prix is not only a great event to attend to enjoy high-tech sporting battles and a wide range of entertainment, but is also a business platform of the highest level," said Sergey Vorobyev, Project Head, Formula 1 Russian Grand Prix promoter. "We are grateful to Bernie Ecclestone for making the decisions necessary for the development of this partnership and look forward to successfully working with Chase Carey and the new Formula 1 management team."

"We are delighted to welcome VTB into the Formula 1 family as it becomes Event Title Partner of the Russian Grand Prix," concluded Formula 1 CEO Chase Carey. "VTB's involvement will only add to the continued success of the event and we look forward to this being the start of a long and successful relationship."