Jan 05, 2011 at 02:38 PM
written by AFP

Vladimir Putin Negotiates F1 Sponsorship

Russia's only Formula One driver, Vitaly Petrov, is to receive funding from state-run high-tech company Rostekhnologii following a deal brokered by none other than Russian Prime Minister Vladimir Putin.

AFP reports that Petrov, his manager Oksana Kosachenko, Rostekhnologii chief Sergei Chemezov, and Leonid Mikhelson, head of private gas firm Novatek, negotiated the deal in a meeting set-up and attended by Putin.

"The number of automobile sport lovers in Russia increases day by day," Putin said according to AFP.


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