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Billionaire set to run against Putin

Election losses stir opposition forces in Russia

Protesters in Moscow Saturday waved an image of Vladimir Putin and signs reading, “We are going different ways.” Protesters in Moscow Saturday waved an image of Vladimir Putin and signs reading, “We are going different ways.” (Andrey Rudakov/Bloomberg)
By Jim Heintz
Associated Press / December 13, 2011
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After a week of surprising challenges to his authority, Vladimir Putin faces a new one from one of Russia’s richest and most glamorous figures. Mikhail Prokhorov, the billionaire industrialist and owner of the New Jersey Nets, said Monday that he will run against him in March’s presidential election. Prokhorov’s announcement underlines the extent of the discontent with Putin, who has dominated Russian politics for a dozen years.

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