Russia’s Yandex seeks Putin’s approval for restructuring – FT

Nov 24 (Reuters) – Russian internet giant Yandex NV (YNDX.O) is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources.

The company has informally enlisted former finance minister Alexei Kudrin to win Putin’s approval, in principle, for the restructuring plan, according to the report.

If Putin gives his final assent at their meeting later in the day, Kudrin is…