The Formula 1 Azerbaijan Grand Prix will be held until 2024, a source in Baku City Circuit operating company said during the company meeting, according to Trend.

According to the source, earlier, the contract for the Formula 1 races was extended for three years, and envisioned their organization until 2023.

However, since they weren’t held in 2020 due to the COVID-19 pandemic, the decision was made to extend this period until 2024.

This year Formula 1 Azerbaijan Grand Prix is scheduled to take place in Baku on June 6.