Tag Archives: sanctions

Russian companies have been plunged into a technological crisis by western sanctions that have created severe bottlenecks in the supply of semiconductors, electrical equipment and the hardware needed to power the nation’s data centres. Most of the world’s largest chip manufacturers, including Intel, Samsung, TSMC and Qualcomm, have halted business to Russia entirely after the US, UK and Europe imposed export controls on products using chips made or designed in the US or Europe…. Source link

A man walks outside the headquarters of Yandex company, Russia’s internet search engine, in Moscow. … [+] The company’s shares were halted in New York and its cheif executive is sanctioned. (Photo by ALEXANDER NEMENOV/AFP via Getty Images) AFP via Getty Images Russia is closer to Europe than China in every conceivable way, but not for long. The people look the same. They share the same Christian religious beliefs and holidays. Their economies – up until… Source link

Yandex’s Uncertain Q1 FY 2022 Outlook Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia’s invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict,… Source link

Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia’s invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict, Yandex’s second in command, Tigran Khudaverdyan was sanctioned and has since stepped down from his position. The company now is attempting to reduce exposure from potential sanctions placed upon it and that of its employees, which includes selling off divisions of its businesses to state-controlled… Source link

Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia’s invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict, Yandex’s second in command, Tigran Khudaverdyan was sanctioned and has since stepped down from his position. The company now is attempting to reduce exposure from potential sanctions placed upon it and that of its employees, which includes selling off divisions of its businesses to… Source link

Pavel Byrkin/iStock Editorial via Getty Images Yandex N.V. (NASDAQ:YNDX) is a dangerous situation for investors. The company is caught in a complex geopolitical situation, with 92% of its customers, advertisers, and users in Russia. This also includes large Russian corporations that may be liable for additional sanctions. The company’s stock is currently not being traded on the NASDAQ, and its trading has been halted on the exchange since February 28. In a press release, NASDAQ said it is… Source link

Yandex’s data center in Finland has been cut off the electricity grid as a response to Russia’s invasion of Ukraine. It is currently running on diesel, according to reports. The Russian search giant’s 40MW facility in Mäntsälä, Finland, was cut off by the local energy company Nivos Energia Oy, according to Russian news service RBC. The reasons for the disconnection are not clear, as Yandex is not currently on sanctions lists, but its news and blogging services, as well as a senior… Source link

The ruble may not be showing it, but Western economic sanctions imposed against Russia are working. In revealing testimony before the Duma parliament, the head of the Central Bank of Russia (CBR) told the country’s lawmakers she had to throw everything but the kitchen sink just to prevent a full-blown run on the banking system. “The sanctions imposed against Russia affected the situation in the financial sector, spurred the demand for foreign currencies, and caused fire sales of financial… Source link

U.S. stock futures traded mostly higher Monday morning as investors monitored the potential for more sanctions against Russia amid ongoing concerns over inflation and global economic growth. Contracts on the S&P 500 traded slightly higher as the index looked to hold onto last week’s gains. The Dow was flat to slightly higher, while the Nasdaq Composite rose 0.4% as technology shares outperformed in pre-market trading. Shares of Twitter (TWTR) soared by more than 20% after Tesla (TSLA) CEO… Source link

Yandex (YNDX) is trying to adjust as Russian companies continue to grapple with many problems because of sanctions on the country over its war with Ukraine. Yandex is considering shutting its grocery delivery business in France and selling its operations in the UK, according to a Bloomberg report. Yandex is Russia’s largest technology company. It offers Google-type internet search engine and other online services. It also provides cloud computing, Uber-like ride-hailing, and food… Source link