Yandex (NASDAQ:YNDX) is a major Russian high-tech company. Its core product is a search engine that is one of the four most popular search engines in the world by requests. Yandex also offers taxi, food delivery, media, carsharing services, etc. Yandex accounts for 58.1% of the Russian online search market.
Russian President Vladimir Putin made a statement on June 23, suggesting the introduction of tax concessions for Russian IT companies. The government is looking to reduce social insurance…
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