|Administrative History||The Booker Russian Novel Prize, awarded for the best work of fiction written in the Russian language, was launched in 1992. The prize was initially sponsored by Booker plc and administered locally by the British Council.|
Sponsorship of the prize was transferred in 1997 to United Distillers & Vintners (UDV), the spirits and wine arm of Diageo plc and owner of Smirnoff vodka, and the prize renamed the Smirnoff Booker Prize in 1999. In 2002 the Open Russia Foundation, founded by the YUKOS Oil Company, became the sponsor and the prize was renamed the Booker-Open Russia Prize. In 2006, sponsorship of the prize was transferred to the oil company BP.