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Russian internet giant Yandex said on Friday Arkady Volozh has stepped down as CEO and left the board of directors after the European Union had included him on its latest list of sanctions against Russian entities.
Yandex is facing geopolitical as well as macroeconomic headwinds, along with supply chain shortages and threats from sanctions.
In further fallout from Russia's invasion of Ukraine, Yandex, the company that's sometimes referred to as the ‘Google of Russia', has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform […]
Elena Bunina is stepping down as director general of Yandex's principal operating subsidiary, Yandex LLC, Russia's biggest technology company, TASS news agency said on Saturday, before her tenure is due to expire on April 15.
Yandex, the Russia-based internet company, and its fast grocery unit Yango Deli are rethinking the company's strategic priorities in the United Kingdom and France, TechFundingNews.com reported Friday (April 1). The news outlet reported Yango Deli delivery will end its operations in France as the business suffers.
Russian internet giant Yandex is gradually winding down the Paris operations of its e-grocery service Yango Deli, a spokesperson said on Thursday, citing poor performance and hinting that an exit from the London market could follow.
And the "yellow light" flashing on Chinese ADRs that are listed in the United States.
Yahoo Finance's Jared Blikre breaks down how Russian stocks are trading at Monday's market open.