Following a three-year 'apprenticeship' with Williams, Russell recently learned of his 'promotion' to Mercedes, signing a multi-year deal with the reigning champions as a replacement for Alfa Romeo-bound Valtteri Bottas.
Despite his stunning performances in an under-performing Williams over the years, the 23-year-old appreciates the size of the task ahead of him.
“It’s not going to be easy at all," said Russell. "I’m under no illusion how tough it is going to be.
"We all know how strong Lewis is. In my opinion, he is probably the greatest driver of all time. He’s a seven-time world champion for a reason.
"I think I’m in an incredibly fortunate position that I can go in and learn from the best."
Russell ready to score with Hamilton as F1 moves "goalposts"
From next season, F1 will race to a completely fresh set of aerodynamic regulations designed to foster closer racing with improved overtaking opportunities, threatening to shake up the grid.
Russell believes building a close relationship with Hamilton will be crucial to ensuring Mercedes retains its status as the team to beat.
"Next year, with the new regulations, we’re going to have to work together closely to try and push the team forward and develop the car," added Russell.
"It’s a completely new set of goalposts that everybody is working towards and that is going to be a key thing.
“I’m really excited to be teaming up with him and seeing what we can do together.”
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