The Russian parliament is set to pass a law that would regulate the right of foreign companies to reclaim assets sold during their exit from the country, Izvestia reported on Tuesday. The draft has reportedly been approved by the Finance Ministry and will be considered by the State Duma in …
Read More »IKEA scales down business in Russia – Izvestia
Iconic Swedish furniture brand IKEA is winding down business activities in Russia, the newspaper Izvestia reported on Wednesday, citing its sources. According to the Moscow daily, the company informed its employees during a general meeting and will officially announce the decision soon. IKEA has not addressed plans for its outlets …
Read More »