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Russian Police Detain 20 Over Protest at Election Results

Wednesday, 22 Feb 2012 | 1:30 AM ET

Takouhi Tchertchian, Russia Infrastructure Fund Manager at Renaissance Asset Managers, told CNBC, "what we have seen over the last three months is obviously quite a lot of reaction to the parliamentary elections that we had in December, there has been effectively a cry for reform from the Russian people and the Kremlin now realises that they have to do something about building infrastructure, because the country loses two percent of GDP every year, due to the fact that infrastructure is so poor."