Formula One chief Bernie Ecclestone aims to bring the world top motor racing championship to Russia by 2012 and New York by 2013, reported Bloomberg on Wednesday.

If the F1 boss reached his target, the motor series will have up to 20 events in its grand prix calendar.

The report reported that Ecclestone said a Russian grand prix would most likely be held in capital Moscow or in Sochi, site of the 2014 Winter Olympics, while in NYC, at least three places have been identified for a circuit outside Manhattan.

"We're going to lose some races for sure, there are some races we can afford to lose without too much problem," he said. "I've spoken to the countries to see what we can come up with."

A decision will be made over the next couple of months, according to Bloomberg.

Formula One races have been added in Asia and the Middle East, with Abu Dhabi making its debut last year and South Korea joining in 2010.