- Yandex N.V.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 several thousand Yand…
Read the full article at: https://www.benzinga.com/government/22/11/29858354/yandex-seeks-putins-approval-for-business-restructuring-report
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