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Taking a Stand

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Swedish superbrand Ikea has decided to stop expanding in Russia "because of pervasive corruption and demands for bribes", reports the Times. "Ikea’s announcement came after a series of public complaints, including from the company’s founder, the secretive billionaire Ingvar Kamprad, who went on Swedish radio to complain that the company had been out of millions of dollars by overcharging for electricity. Mr. Kamprad linked the problems to Ikea’s decision not to pay bribes in Russia." [NYT]