The Canadian Press - ONLINE EDITION

F1 teams with interests in Russia feeling economic impact of Ukraine crisis

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MONTMELO, Spain - Formula One teams Toro Rosso and Sauber say they are feeling the economic impact of the political crisis in Ukraine and hope that the inaugural Russia Grand Prix is not cancelled.

The Russia GP is set to be held on Oct. 12 in Sochi, the host city for this year's Winter Olympics. But the sanctions imposed by western nations on Russia for its involvement in the escalating conflict in Ukraine have led to doubts about the upcoming race.

Toro Rosso boss Franz Tost, who has Russian driver Daniil Kvyat on his team, says "I hope they sort out all the troubles they are currently having and we can go because the Russian market is quite important for us."

Sauber counterpart Monisha Kaltenborn, meanwhile, says several sponsorship deals with Russian firms "have virtually come to a standstill."

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