LONDON (Reuters) - Race organisers have reassured Formula One fans that Azerbaijan's inaugural Grand Prix in June will go ahead as planned despite a slump in global oil prices and the weakness of the local currency.
"The devaluation of the manat will have no impact with regards to the staging of the first ever Formula One race in Azerbaijan," Baku City Circuit (BCC) said in a statement in response to media speculation.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!