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Russian billionaire and presidential candidate Mikhail Prokhorov takes questions during his press conference which he called for regional media in Moscow, Russia, 20 February 2012. EPA/BGNES
Russian presidential candidate Mikhail Prokhorov has made it clear he will form his own political party that would be "larger" than the ruling United Russia party.
"I have decided to form an independent right party and currently in the course of the pre-election campaign I'm beginning to form a new political force," Prokhorov wrote in his LiveJournal account, as cited by RIA Novosti.
Prokhorov, one of Russia's richest businessmen, is the only independent candidate to run in the March 4 presidential election.
Since entering politics in May last year, he has had to face off allegations that he is a Kremlin project designed to split the opposition.
"This force will embrace the whole country. The party's branches will be opening across Russia right after the day of the elections," said the tycoon with an estimated fortune of billion.
Prokhorov said he still does not know how the mooted party will be called but it will definitely enlist millions of people.
"Those willing to vote for me exceed the number of the United Russia party. There are more of us then them!" Prokhorov concluded.
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