Yandex, VTB and partners team up to produce servers in Russia

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo

Russian internet group Yandex (YNDX.O) on Thursday signed an agreement with state-owned VTB Bank (VTBR.MM) and other partners to produce servers in an effort to tap into Russia’s growing market for server hardware, the company said.

Often described as Russia’s Google, Yandex offers a raft of services, from advertising and search to…


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