1 MONGOLIA AND UK CONDUCT JOINT STUDY ON CYBERSECURITY RISKS WWW.MONTSAME.MN PUBLISHED:2025/11/02      2 RUSSIA, MONGOLIA TO UPGRADE ROAD & RAIL CORRIDORS AND INCREASE FREIGHT TRANSIT WWW.RUSSIASPIVOTTOASIA.COM PUBLISHED:2025/11/02      3 MONGOLIA UPGRADED TO 'BB-' ON SUSTAINED FISCAL CONSOLIDATION AND STRONG GROWTH; OUTLOOK STABLE WWW.SPGLOBAL.COM PUBLISHED:2025/10/31      4 GOVERNMENT OF MONGOLIA LAUNCHES NEGOTIATIONS WITH RIO TINTO WWW.MONTSAME.MN PUBLISHED:2025/10/31      5 MONGOLIA COURT UPHOLDS GOVERNMENT’S TERMINATION OF QSC CONCESSION, CITING “PUBLIC INTEREST” WWW.EGUUR.MN PUBLISHED:2025/10/31      6 EBRD FINANCES CONSTRUCTION OF CARDIOVASCULAR HOSPITAL IN MONGOLIA WWW.EBRD.COM PUBLISHED:2025/10/31      7 ADB TO SUPPORT MONGOLIA’S LARGEST SOLAR AND BATTERY STORAGE PROJECT FOR ENERGY SECURITY WWW.ADB.ORG PUBLISHED:2025/10/31      8 HUNNU CITY POWER INFRASTRUCTURE NEARS COMPLETION WWW.MONTSAME.MN PUBLISHED:2025/10/31      9 MONGOLIA COMMISSIONS 53 NEW FACTORIES AS PART OF ‘FOOD REVOLUTION’ PLAN WWW.MONTSAME.MN PUBLISHED:2025/10/31      10 DEPUTY PRIME MINISTER S.AMARSAIKHAN DISMISSED FOR VIOLATING ACCOUNTABILITY AGREEMENT WWW.GOGO.MN PUBLISHED:2025/10/29      ДЭЛХИЙН БАНКНЫ САНХҮҮЖИЛТЭЭР 102 КМ ДАЛАН СУВАГ ӨРГӨТГӨНӨ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/11/02     “ОЮУ ТОЛГОЙ” КОМПАНИЙН ГҮЙЦЭТГЭХ ЗАХИРАЛ ДЭЙРДРЭ ЛИНГЕНФЭЛДЕРИЙН МОНГОЛ УЛСЫН УУЛ УУРХАЙН САЛБАРТ ОРУУЛСАН ХУВЬ НЭМРИЙГ ҮНЭЛЭН “НАЙРАМДАЛ МЕДАЛЬ”-ААР ШАГНАЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/02     ЧИНГЭЛТЭЙ ДҮҮРГИЙН 300 АЙЛ НОГООН ХАЛААЛТЫН СИСТЕМД ХОЛБОГДОЖ ЭХЭЛЛЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/02     102 АППЛИКЭЙШНЭЭР ЗӨРЧИЛ МЭДЭЭЛСЭН ИРГЭНД ТОРГУУЛИЙН 10-20 ХУВИЙГ ОЛГОНО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/02     ЭРЧИМ ХҮЧНИЙ ШӨНИЙН ТАРИФЫН ХӨНГӨЛӨЛТ ӨНӨӨДРӨӨС ХЭРЭГЖИЖ ЭХЭЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/02     S&P АГЕНТЛАГ ЗАСГИЙН ГАЗРЫН ТӨСВИЙН БОДЛОГЫГ ЭЕРГЭЭР ҮНЭЛЖ, ТОГТВОРТОЙ ҮРГЭЛЖЛҮҮЛЭХ НЬ ЗҮЙТЭЙ ГЭВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/31     ОЮУ ТОЛГОЙ ТӨСЛИЙН ХУВЬ НИЙЛҮҮЛЭГЧДИЙН ЗЭЭЛИЙН ХҮҮГ ХЭЛЭЛЦЭХ ЭЭЛЖИТ 7 ЖИЛИЙН ХУГАЦААГ ҮЛ ХАРГАЛЗАН ХЭЛЭЛЦЭЭРИЙГ ҮРГЭЛЖЛҮҮЛЭХЭЭР БОЛЛОО WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/31     Э.ШИЖИР: “НИЙТИЙН ЭРХ АШИГ” НЭРИЙН ДОР ХУВИЙН ХЭВШЛИЙН ЭРХИЙГ ЗӨРЧИЖ БОЛОХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/31     Х.БУЛГАНТУЯАГ УИХ-ЫН ДЭД ДАРГААС ЧӨЛӨӨЛЖ, Ж.БАТ-ЭРДЭНИЙГ ДЭВШҮҮЛЭХЭЭР БОЛЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/31     2025 ОНД ХӨВСГӨЛ АЙМГИЙН 8 СУМАНД 18 УДАА ГАЗАР ХӨДӨЛЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/31    

Russian Court Freezes IKEA Accounts www.themoscowtimes.com

A court in Smolensk, north-west Russia, has frozen 9.3 billion rubles ($145 million) from the bank accounts of Swedish furniture giant IKEA.

The seizure this month is just the latest round in a decade-long dispute between the company and one of its previous business partners, Konstantin Ponomaryov.

The Smolensk court ruled in favour of Ponomaryov, who has been trying to recover 9.3 billion rubles in what he says are unpaid fees from IKEA’s operations in Russia.

The ruling forbids Russia’s Federal Tax Service from registering any reorganizations or mergers of the company. The order is likely to prevent IKEA’s Russian subsidiary from ignoring the ruling.

IKEA has said it considers the court’s decision “unfounded and illegal.”

“We are already disputing [the ruling],” the Swedish company’s press service told the RBC news site Friday, adding that Ponomaryov’s actions amounted to a form of extortion through the courts.

IKEA’s lawyer Viktor Stepanov accused Ponomaryov of operating a scheme in which the company’s money will “immediately be removed from Russia into an offshore account.”

IKEA and Ponomaryov have a long and acrimonious history. From 2006 to 2010, the two parties were locked in a payment dispute over electrical generators for IKEA’s St. Petersburg stores. In 2008, Ponomaryov accused IKEA of ceasing to pay rent for the generators. IKEA agreed to pay Ponomaryov 25 billion rubles ($390 million) two years late.

Ponomaryov launched a new case against the company in August 2016.

IKEA has rented generators for its Russian stores ever since local authorities abruptly shut off electricity to their inaugural Moscow store shortly before its opening.



Published Date:2016-12-03