Yandex parent company to sell its Russian businesses for $5.2 billion

The Netherlands-based parent company of the Yandex group is selling its Russian businesses to local investors for $5.2 billion, the company announced on Monday. Despite a mandatory discount of at least half enforced by the Kremlin, this would be the largest corporate exit from Russia since it invaded Ukraine two years ago. Yandex, often referred

businesses corporate discount exit investors kremlin local monday netherlands russia russian sell selling technology news the company the netherlands ukraine yandex