Yet another group is reportedly looking to enter a team into Formula 1 in the near future. At the outbreak of the Ukraine conflict, Dmitry Mazepin – with ties to Vladimir Putin – sold his shares in the F2 and F3 outfit Hitech. Another company with shares in Hitech was Fungosa Management – reportedly linked with ownership of trademarks associated with Nikita Mazepin. Now, the Russian news agency Ria Novosti reports that the Mazepins are considering launching a Formula 1 project. “It was about the fact that Dmitry Mazepin has not given up the idea of starting his own team in Formula 1 and is ready to invest in a new project.”.

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