-
Yandex N.V.(NASDAQ: YNDX), often described as Russias Google, sought Vladimir Putins 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.
-
Yandex informally enlisted top economic official Alexei Kudrin to win the Russian presidents approval, in principle, for the restructuring plan, Financial Timesreports.
-
The changes would lead to Yandexs Dutch holding company exiting the Russian market by selling its entire business apart from theinternational divisions of four critical units.
-
Yandex aimed to spare itself from the disastrous consequences of Putins war in Ukraine, which has prompted seve…
Read the full article at: https://finance.yahoo.com/news/yandex-seeks-putins-approval-business-153211696.html