Nov 24 (Reuters) – Russian internet giant Yandex NV (YNDX.O) is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources.
The company has informally enlisted former finance minister Alexei Kudrin to win Putin’s approval, in principle, for the restructuring plan, according to the report.
If Putin gives his final assent at their meeting later in the day, Kudrin is expected to leave his current role of heading the Audit Chamber, a government accountability body, for a leading position at Yandex, the report said.
The changes would lead to Yandex’s Dutch holding company exiting the Russian market by selling its entir…
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