The potential new Russian F1 team, mentioned in this article written on Thursday morning, suggested that a Russian billionaire was set to create his own F1 team, and Boris Rotenberg's plans have been encouraged by F1's managing director Ross Brawn.
Rotenberg is behind SMP Racing, who already compete in world endurance races such as Le Mans, and are major sponsors of Renault reserve driver Sergey Sirotkin.
Brawn told Russian news agency Tass: "Russia is strongly represented in Formula 1 with drivers, business people and entrepreneurs. Of course there is also the Grand Prix here in Russia, so all the conditions to enter F1 with your own team are present."
The last new team to join F1 was Haas F1 team in 2016, but the Americans are the only brand new teams since the trio of HRT, Virgin and Lotus back in 2010, with all three now no longer in the sport.