BREAKING NEWS: Kremlin gets rid of "business-friendly" Prokhorov

Eugene Kasevin, EM in Moscow

Recent sabotage in Mikhail Prokhorov’s Right Cause party has taken a hard turn today when Russia’s biggest taxpayer was forced to withdraw his party membership along with his leadership.

Mikhail Prokhorov, a billionaire whose assets include half of Russian brokerage Renaissance Capital, has publicly accused Vladislav Surkov, President  Dmitry Medvedev’s first deputy chief of staff, of masterminding the sabotage within the party, where the tycoon placed his money with the hope to create an alternative to Putin’s United Russia party.

Prokhorov  has publicly moved into politics with the hope to renovate Russian society based upon his “visions and views”, using his managerial success in Russia’s corporate world. To date he has voiced a few radical programmes that (in his view) could take Russia and its economy to greater heights.

Now it seems that the Kremlin has different plans for Russia and Prokhorov alike. In his latest statements to the Russian press, Prokhorov said that he is not afraid of sharing Khodorkovsky’s Russian destiny.

Russian elections are drawing near. So is the fear that they harbour no positive change for Russian entrepreneurs or foreign investment in the country.

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