IKEA has declared it is ready to invest $130m in the construction of a store in the Rostov region. A corresponding agreement has been achieved at a meeting of Rostov regional deputy governor Ivan Stanislavov and representatives of IKEA MOS.
The deputy governor stressed that regional authorities were interested in the construction of an IKEA store and were ready to provide assistance to the implementation of this project.
IKEA is planning to open two new stores in Russia every year.
Europe which is panic-stricken over the consequences of rising energy and food prices could strike a treacherous blow to Ukraine this winter, writes Simon Tisdall for The Guardian.