Ecclestone Moscow bound.

F1 boss Bernie Ecclestone is according to the BBC, today travelling to Moscow to discuss the latest plans to establish a grand prix circuit south of the Russian capital.

The project which is expected to cost ?70 million will take two years to construct and will also include hotels, casinos and restaurants around the track.

Ecclestone last travelled to Russia in the 1980's in an attempt to sell F1 to the Soviets but no deal was ever reached. This project already has the backing of Tom Walkinshaw's company TWR and it is thought the Russians are now seeking the support of Ecclestone.