Kremlin hails repatriation of tech giant ...News

Russia Today - Economy
Kremlin hails repatriation of tech giant
source : Russia Today ( News ) () 21
Netherlands-registered Yandex NV has agreed to sell its Russian operations to a consortium of local investors and spin off its main international projects The Kremlin welcomes the agreement to sell tech giant Yandex’s Russian business to a consortium of private investors, spokesman Dmitry Peskov said on Monday. Often referred to as “Russia’s Google,” Yandex has come under intense pressure amid Western sanctions. Since 2022, the Dutch-registered entity has been seeking to divest its Russian business, which generates the lion’s share of its revenue, and to spin off a number of its international startups. “Of course

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