Russian Grand Prix expressed a desire to see Formula One travel to Russia at a circuit in or near Moscow or at the resort city of Sochi. After several decades of attempting to re-establish the race, the new Russian Grand Prix was officially announced on 14 October 2010 for a debut in 2014, running through 2020. The race is held in the resort city of Sochi, the host city of the 2014 Winter Olympics, at the Sochi Autodrom – a 5.9 km street circuit which passes around the venues of Sochi's Olympic Park. The inaugural event was held on 12 October 2014, and
Caterham F1 March 2015, meaning that attempts to race in 2015 had failed. The team then officially folded. On 25 July 2014, it was announced that over 40 former employees were taking legal action against the team for unfair dismissal, following a number of cost cuts by Caterham F1's new owners. In November 2014, despite Caterham F1 returning to racing under the control of its administrator following a successful crowdfunding initiative, 230 staff members not directly involved in Grand Prix preparations were made redundant. Caterham F1 The Caterham F1 Team was a Malaysian, later British owned Formula One team based in the