Ikea Tries to Build Public Case Against Russian Corruption
Ikea, one of the "most outspoken Western corporate critics of Russian corruption" has brought grievances to Russia's civil court system - but lost two recent rulings. Ikea is claiming it has lost $196 million in two years as a result of fraud stemming from the company's electricity contract - and was given an additional fine of €5 million after judges reprimanded the Swedish company for breaking its contract with the fraudsters.
The New York Times describes Russia as a "maddeningly opaque but potentially lucrative market of 140 million people, whose incomes are supported by trickle-down oil wealth."


