Yandex`s restructuring faces delay, expected to extend into 2024 – WION

The anticipated completion of Yandex’s restructuring, a Nasdaq-listed Russian tech company is likely to be postponed until early 2024, Reuters reported.

Often dubbed Russia’s Google, Yandex has been in talks with the Kremlin for over a year to separate its Russian businesses from its Dutch parent company, Yandex NV.

The restructuring, initially set for December, is a strategic move by Yandex NV to ensure certain businesses maintain access to Western markets amid sanctions related to the conflict in Ukraine.