Yandex News

Putin, Kudrin touch on future of Yandex in late-night meeting -sources

Putin, Kudrin touch on future of Yandex in late-night meeting -sources

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 25 (Reuters) – Russian President Vladimir Putin and former Finance Minister Alexei Kudrin touched on the future of internet giant Yandex (YNDX.O) in a late night meeting, three people familiar with the matter told Reuters on Friday. Sources told Reuters that Kudrin, one of the country’s top economic officials and a long-time colleague of the president, is expected to leave… Source link

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Putin, Kudrin touch on future of Yandex in late-night meeting

Putin, Kudrin touch on future of Yandex in late-night meeting

MOSCOW (Reuters) – Russian President Vladimir Putin and former Finance Minister Alexei Kudrin touched on the future of internet giant Yandex in a late night meeting, three people familiar with the matter told Reuters on Friday. Sources told Reuters that Kudrin, one of the country’s top economic officials and a long-time colleague of the president, is expected to leave his role as head of Russia’s Audit Chamber to take up a position with Yandex. The future of the company, which dominates… Source link

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Russian tech giant Yandex reportedly looking to break free from its home country

Russian tech giant Yandex reportedly looking to break free from its home country

Over the past years, Russian search and tech giant Yandex made an effort not to fall behind its Western counterparts and had developed its own smart devices, self-driving cars, as well as its own food delivery and ride-sharing services, among other products. According to The New York Times, though, the West’s sanctions against its home country after the invasion of Ukraine has made it impossible to continue developing and improving its projects. That’s why Yandex’s parent firm, which is… Source link

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Yandex Dutch Parent Company Wants to Cut Ties With Russia Units — The Information

Yandex Dutch Parent Company Wants to Cut Ties With Russia Units — The Information

The Dutch parent company of Yandex, dubbed Russia’s Google, wants to cut ties from its Russian unit to protect new ventures in artificial intelligence and autonomous driving, The New York Times reported. The move would mean selling off its popular internet browser, food delivery and ride hailing apps, the report said. But such a sale and transferring the other technology out of Russia would… Source link

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Putin Ally Alexei Kudrin Set to Run Tech Giant Yandex – Reports

Putin Ally Alexei Kudrin Set to Run Tech Giant Yandex – Reports

Alexei Kudrin, a longtime ally of President Vladimir Putin, is expected to assume a leadership position in the restructuring of Russian tech giant Yandex, state media reported on Friday. Yandex is awaiting Putin’s blessing to sell its main operations in Russia and appoint Kudrin to its new structure, several reports indicated earlier this week. Yandex’s main products include its popular internet browser, as well as food delivery and taxi-hailing… Source link

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Yandex parent to review ownership of Russian tech giant, seek divestment

Yandex parent to review ownership of Russian tech giant, seek divestment

By Alexander Marrow, Darya Korsunskaya and Polina Devitt MOSCOW -Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. Since Russia launched what it calls a “special military operation” in Ukraine in late February, Nasdaq-listed Yandex, often referred to as “Russia’s Google”, has grappled with domestic pressure on… Source link

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Yandex Parent To Review Ownership of Russian Tech Giant, Seek Divestment

Yandex Parent To Review Ownership of Russian Tech Giant, Seek Divestment

Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. From a report: Yandex N.V. said it had started a “strategic process to review options to restructure the group’s ownership and governance in light of the current geopolitical environment.” “As part of the intended restructuring of the group, the… Source link

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Russia-Ukraine War: Tech Giant Aims to Cut Ties With Russia

Russia-Ukraine War: Tech Giant Aims to Cut Ties With Russia

Cars driving through Kyiv on Wednesday after Russian missile strikes on energy facilities across Ukraine.Credit…Brendan Hoffman for The New York Times KYIV, Ukraine — Utility crews worked through the dark night in snow and freezing rain to stabilize Ukraine’s battered energy grid on Thursday after another destructive wave of Russian missile strikes, restoring essential services like running water and heat in many parts of the country even as millions remained without power. Ukrainians… Source link

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Yandex to sell Russian businesses, flee country with its best tech

Yandex to sell Russian businesses, flee country with its best tech

After Moscow invaded Ukraine, ‘Russia’s Google’ has decided it can’t stay in Russia. Moscow-headquartered Yandex, the country’s dominant search engine founded by two Russian entrepreneurs, is hoping to transfer its most promising new technologies overseas and ditch most of its Russian business to avoid the effects of Western sanctions imposed after President Vladimir Putin ordered Russia to Ukraine. Under the plan, which the Financial Times reported on Thursday, Yandex… Source link

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