STORY – To preserve its development outside Russia, this technological flagship is being restructured into two entities.
Even if the rumor had been circulating for several months, the announcement last Friday of the restructuring of Yandex, the Russian giant of new technologies, constitutes an electric shock. Often called the “Russian Google”, best known as a search engine and as a taxi company, the group founded in 1997 by Arkadi Volozh harbored global ambitions.
The repercussions of the war in Ukraine forced him to make a heartbreaking revision – to cut ties with Russia to preserve his international development. A pragmatic shift which also takes on a highly political significance since it should take place under the leadership of one of the strongest economic figures in the country, the former Minister of Finance (2000-2011) Alexei Kudrin.
Kremlin scrutiny
According to the options on the table, the holding company Yandex, registered in the Netherlands, would have to leave the Russian market by selling all of its activities (search engine and advertising, mobility, e-commerce, delivery, entertainment) …
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