Yandex, VTB and partners to launch server production in Russia with new JV

MOSCOW, June 3 (Reuters) – Russian internet giant Yandex on Thursday signed an agreement with state-owned VTB Bank and other partners to produce servers in an effort to tap into Russia’s growing market for server hardware, the company said.

Yandex and VTB will set up a joint venture with IT group LANIT and computer equipment manufacturer Gigabyte to sell servers in Russia and abroad, Yandex said. (Reporting by Alexander Marrow, editing by Maria Kiselyova)


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