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Yandex N.V. (NASDAQ: YNDX), often described as “Russia’s Google,” sought Vladimir Putin’s permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin.
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Yandex informally enlisted top economic official Alexei Kudrin to win the Russian president’s approval, in principle, for the restructuring plan, Financial Times reports.
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The changes would lead to…
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