Renault has formally confirmed its deal with Lada, which was revealed to the world a few days ago by none other than Prime Minister Vladimir Putin.
The R30 will carry Lada branding, reflecting the commercial ties between the French company and the Russian car manufacturer.
It’s also the first major deal brokered by new boss Gerard Lopez, who is clearly in a hurry to get things done.
“We are proud to announce this new agreement, which marks another important step for the Renault F1 Team and Formula 1 in Russia,” he said in a team statement. “Through Mangrove Capital we have been actively investing in Russia over the last years. We know the country well, we have a high degree of appreciation for it and, as such, it is an honour for our F1 team to spearhead Russia’s entry into the sport and to carry the Lada brand at the highest level of world motorsport. We look forward to an exciting and successful season together.”
There have been many attempts over the decades to kick start a Grand Prix in Russia, and this deal will surely create some momentum for it to finally happen.