NEWSWATCH: “Prokhorov’s Onexim says not selling all Russian assets” – Reuters

Mikhail Prokohrov file photo

Onexim Group, owned by tycoon Mikhail Prokhorov, said on Monday a newspaper report suggesting it had decided to sell all its assets in Russia was inaccurate. * * * On Monday, Vedomosti newspaper had reported that Prokhorov was searching for buyers of all his assets in Russia, quoting multiple unnamed sources. Onexim owns stakes in aluminium giant Rusal, potash producer […]

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Prokhorov: Navalny’s performance phenomenal but I would have won in first round

Mikhail Prokohrov file photo

(Interfax – MOSCOW, September 9, 2013) Election performance of opposition candidate Alexei Navalny was phenomenal, Civil Platform party leader Mikhail Prokhorov said, adding that he could have defeated Acting Moscow Mayor Sergei Sobyanin already in the first round. “The preliminary result of Alexei (Navalny) makes me think that they (the authorities) must have realized there would have not been any […]

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Prokhorov Regrets Not Running Against Sobyanin

Mikhail Prokohrov file photo

(Moscow Times – themoscowtimes.com – September 9, 2013) Billionaire Mikhail Prokhorov expressed regret Monday that he had not run for Moscow’s mayor, saying that he would have posed a more serious challenge to the incumbent, Sergei Sobyanin, than opposition leader Alexei Navalny. Prokhorov, leader of the pro-business Civic Platform party, said he had not been able to make a bid […]

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Prokhorov’s Future Hazy as Elections Approach

Mikhail Prokohrov file photo

(Moscow Times – themoscowtimes.com – Oleg Sukhov – August 27, 2013) Civil Platform leader Mikhail Prokhorov’s future seemed uncertain Monday as he denied a report that he would leave politics, while analysts said the billionaire may have indeed scaled down his political ambitions even as his party establishes itself ahead of regional elections. Some commentators argued that the tycoon’s refusal […]

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Moscow mayoral battle: Clash of political cultures

Aerial View of Moscow From Beyond Stadium, file photo

(Russia Beyond the Headlines – rbth.ru – Yulia Ponomareva, RBTH – August 26, 2013) Kremlin ally faces convicted opposition leader Navalny after a date change rules out Prokhorov. A political contest for control of Europe’s largest city has become a fight between Kremlin-backed Mayor Sergei Sobyanin and opposition activist Alexei Navalny. The Sept. 8 election for mayor of Moscow will […]

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Navalny’s sentence to lead to outflow of young lawyers, businessmen from Russia – Prokhorov

Alexei Navalny file photo

(Interfax – MOSCOW, July 18, 2013) The sentence of opposition activist Alexei Navalny is affecting the interests of small and middle-sized businesses and will lead to the outflow of young lawyers and businessmen from Russia, leader of the Civil Platform party Mikhail Prokhorov said. “The sentence passed on Alexei Navalny and Pyotr Ofitserov is not just a sentence to the […]

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Urlashov falls victim to politics – Prokhorov

Yevgeny Urlashov file photo

(Interfax – MOSCOW, July 16, 2013) Civil Platform leader Mikhail Prokhorov wrote on his Internet blog that he offered birthday congratulations to Yaroslavl Mayor Yevgeny Urlashov, arrested over a bribery case. Prokhorov said that what was happening to Urlashov was politically motivated. “What has happened to you is direct result of our political enemies’ attitude toward you – in other […]

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Russian Experts See Billionaire Prokhorov Losing Interest In Politics

Mikhail Prokohrov file photo

(RIA Novosti – July 11, 2013) The Civil Platform party has a good potential in the struggle for power but its leader billionaire Mikhail Prokhorov is behaving inconsistently and losing interest in politics, Russian RIA Novosti news agency reported on 11 July, quoting political analysts. Prokhorov said earlier that the party would not nominate candidates for the Moscow mayoral and […]

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Russian Mayor Allied With Prokhorov Is Held on Suspected Bribery

Kremlin and St. Basil's

(Bloomberg – bloomberg.com – Jake Rudnitsky – July 3, 2013) A Russian mayor who won a landslide victory against a candidate backed by President Vladimir Putin’s ruling party last year was detained by police on suspicion of demanding a 14 million-ruble ($421,000) kickback. Yaroslavl Mayor Yevgeny Urlashov and two deputies threatened to stop payments to a local businessman for a […]

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Billionaire to Pay Lease for Evicted Human Rights Group

Mikhail Prokohrov file photo

(RIA Novosti – MOSCOW, June 25, 2013) ­ Russian billionaire-turned-politician Mikhail Prokhorov, who leads the Civil Platform party, will donate 1.5 million rubles ($45,870) to pay the annual rent for a Russian human rights group evicted from its office last weekend, a party member said on Tuesday. Prokhorov made his pledge at a meeting with Lev Ponomaryov, leader of the […]

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Prokhorov Doubts Navalny’s Credentials for Mayor

Mikhail Prokohrov file photo

(Moscow Times – themoscowtimes.com – June 17, 2013) Billionaire politician Mikhail Prokhorov has challenged the candidacy of lawyer Alexei Navalny for the Moscow mayoral election, saying that he wouldn’t be able to cope with the demands of the job, a news report said Monday. The Civil Platform party leader Prokhorov, who last week pulled out of the mayoral race, also […]

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Prokhorov to Skip Mayoral Election

Mikhail Prokohrov file photo

(Moscow Times – themoscowtimes.com – Jonathan Earle – June 14, 2013) Citing problems with transferring his foreign assets to Russia, billionaire businessman Mikhail Prokhorov announced Thursday that he would not run for mayor of Moscow, removing perhaps the strongest potential opponent to acting Mayor Sergei Sobyanin from the September vote. It is possible to move his foreign assets, including legal […]

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Prokhorov Could Team Up With Luzhkov in Snap Elections

Mikhail Prokohrov file photo

(Moscow Times – themoscowtimes.com – June 10, 2013) Businessman and Civil Platform party head Mikhail Prokhorov has announced his plans to work together with former Moscow Mayor Yuri Luzhkov in the upcoming city elections, a news report said Monday. “Last Saturday I met with Yuri Luzhkov. We had a two-hour-long conversation during which we discussed the plans for summer,” Interfax […]

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In Moscow Election, The Fix Is In — Or Is It?

Aerial View of Moscow From Beyond Stadium, file photo

(RFE/RL – rferl.org – Brian Whitmore – June 4, 2013) It’s pretty obvious why Sergei Sobyanin announced today that he will resign as Moscow mayor and run in a snap election in September. What isn’t so clear is whether the gambit will pay off. Appointed in 2010 by then-President Dmitry Medvedev and rubber-stamped by the Moscow City Duma, Sobyanin could […]

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Prokhorov says Russian economy already in recession

Mikhail Prokohrov file photo

(Interfax – MOSCOW. April 16, 2013) Civil Platform leader Mikhail Prokhorov has criticized the state of the Russian economy on the eve of Russian Prime Minister Dmitry Medvedev’s report in the State Duma. “The economy is in recession. Fulfilling the taken social obligations is at risk – the deficit of regional budgets is over 500 billion rubles. There are no […]

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Prokhorov Trades Business for Politics

Mikhail Prokohrov file photo

(Moscow Times – themoscowtimes.com – Alexander Bratersky – October 29, 2012) Billionaire Mikhail Prokhorov announced at a weekend congress of his new Civic Platform party that he is quitting business to enter politics full time, and delegates overwhelmingly elected him as their leader. Prokhorov, 47, said he would place his fortune, estimated at $13.2 billion by Forbes magazine, in a […]

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Prokhorov Says He Will Focus on Politics

Mikhail Prokohrov file photo

YAROSLAVL. Oct 11 (Interfax) – Businessman Mikhail Prokhorov has confirmed his plans to focus on politics and stop his business activities. “I have virtually stopped my business activities and am going to focus solely on politics. Being a businessman and a politician is wrong, as it leads to a conflict of interests,” Prokhorov told a press conference on Tuesday in […]

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