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Prokhorov May Be Pro-Business Candidate for President

Mikhail Prokhorov, Russia’s third-richest man, may be planning to seek the presidency on a pro-business ticket as President Dmitry Medvedev and Prime Minister Vladimir Putin delay a decision on which of them will run.

The 46-year-old owner of the New Jersey Nets basketball team will pursue the chairmanship of Pravoye Delo, or Right Cause, and plans to consider whether to run for president sometime after the party’s annual meeting later this year, Prokhorov told Bloomberg and state TV yesterday at Vnukovo Airport near Moscow.