Tag Archives: Russian

[unable to retrieve full-text content]Yandex Aims to Complete Stage One of Russian Divestment by May  Yahoo Finance Source link

[unable to retrieve full-text content]Russian Search Engine Operator Yandex Extends Timeframe for Divestment  Bloomberg Source link

The European Union has lifted sanctions against a Russian technology tycoon, in a rare break from a policy of punishing the country’s elites for the invasion of Ukraine. Arkady Volozh, who co-founded Russia’s largest tech company, Yandex, was taken off the list of sanctioned individuals after condemning the invasion of Ukraine and taking public steps to sever ties to Russia. The decision was announced in a document published by the European Council on Wednesday. Mr. Volozh is one the most… Source link

March 7 (Reuters) – Shareholders of Dutch-registered Yandex NV approved the sale of “Russia’s Google,” the country’s most valuable technology asset, to a management-led consortium of Russian investors, the company said on Thursday. Yandex last month struck a 475-billion-rouble ($5.27 billion) deal after months of negotiations to sell its assets in Russia at a heavily discounted price due to Kremlin demands on foreign asset sales. (Reporting by Alexander Marrow and… Source link

Saudi Tourism Authority has partnered with Yandex Travel, a prominent Russian online travel agency and aggregator, to capture the outbound Russian tourist market, the company announced on March 6. This collaboration aims to position Saudi Arabia as a prime destination for leisure travel and target… Source link

By Alexander Marrow LONDON (Reuters) – Two of Russia’s largest corporate exit deals since Moscow’s invasion of Ukraine are up for shareholder approval on Thursday, with “Russia’s Google” Yandex and major mining assets set to pass to Russian ownership in transactions totalling around $9 billion. Dutch-registered Yandex NV, struck a 475-billion-rouble ($5.27 billion) deal to sell its local subsidiary – Russia’s most valuable technology asset – to Russian investors, while precious metals producer… Source link

MOSCOW (Reuters) – A subcommittee of the Russian government commission for control over foreign investments has approved a number of deals for a group of Russian investors to buy 96.3% of Yandex NV’s Russian business, Russian newspaper Vedomosti reported on Wednesday citing sources. Yandex NV had struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors last month, marking the biggest corporate exit from the country since… Source link

MOSCOW (Reuters) – A subcommittee of the Russian government commission for control over foreign investments has approved a number of deals for a group of Russian investors to buy 96.3% of Yandex NV’s Russian business, Russian newspaper Vedomosti reported on Wednesday citing sources. Yandex NV had struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors last month, marking the biggest corporate exit from the country since… Source link

Russian Antimonopoly Service reveals violations of Yandex.Taxi related with overrated prices AKIPRESS.COM – The Russian Federal Antimonopoly Service (FAS) has revealed violations by Yandex.Taxi, which are associated with overrated prices for trips, as well as blocking of drivers and passengers. In 2023, the company received more than 300 complaints from passengers and drivers, Federal Antimonopoly Service Deputy Chairman Pyotr Ivanov said in an interview with… Source link

EU countries agreed to remove Arkady Volozh, co-founder of Russia’s most popular search engine Yandex, from the list of sanctions against entities and individuals associated with Russia’s war against Ukraine, Reuters reported on Feb. 21, citing three unnamed sources familiar with the discussions. The EU sanctioned Volozh in June 2022, arguing that his company serves the interests of the Russian government and promotes pro-Kremlin media and narratives, as well as censors content critical of… Source link