IKEA is suing Senator Vadim Moshkovich’s company Mashtab over land rental issues at its Mega mall in Tyoply Stan, Kommersant reported Tuesday.
The Swedish company had signed a rental contract for 49 years in 1999 with the previous landowner, but when Mashtab acquired the land, IKEA refused to renegotiate the agreement.
IKEA had planned to expand its Tyoply Stan store, but could not resolve the land issues, and the dispute went to court.
(MT)
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