Yandex Announces $5.2 bn Russian Divorce

Yandex Announces $5.2 bn Russian Divorce

Technology giant Yandex on Monday announced long-awaited plans to split its Russian and international units in a corporate divorce worth $5.2 billion.

The deal marks an end to more than two decades of Western investment in Yandex, which for years was seen as a darling of Russia’s fast-growing tech industry and an example of successful Western investment in Russia.

But after Moscow sent troops into Ukraine in February 2022, the company’s status as an internationally headquartered…


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