Lukoil to be Russian Grand Prix sponsor

Organisers of the Russian Grand Prix look to have secured a title sponsor for the fourth edition of the Sochi race this year.

Sportbox cautioned that the news is unconfirmed, but claims organisers have already begun to install the branding of the new title sponsor around the 5.8 kilometre layout, located in the Black Sea resort town.

It is Lukoil, Russia's second-largest oil company headquartered in Moscow, which has sponsored the likes of F1 hopeful Sergey Sirotkin and is also involved in backing other racing series'.