Russia’s Yandex withdraws 2022 financial guidance, scales back investments

Russia’s Yandex withdraws 2022 financial guidance, scales back investments

search April 21, 2022 Yandex News Leave a comment 9 Views

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo

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April 21 (Reuters) – Russian internet giant Yandex (YNDX.O) on Thursday withdrew its 2022 financial forecasts and said it was scaling back planned investments, one of several Russian companies grappling with Moscow’s increasing isolation in the wake of the conflict in Ukraine.

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