Yandex’s restructuring and the future of Kremlin tech control

After a year and a half of negotiations, Yandex founder Arkady Volozh and the company’s foreign shareholders have reached a deal to part ways with Yandex’s Russian assets. The Russian IT giant’s Netherlands-based parent company announced Monday, February 5, that it will sell a large portion of its operations to a consortium of Russian investors before rebranding and continuing to develop its remaining international properties.

Yandex’s restructuring has been underway for more than a year. Meduza has reported together with the news outlet The Bell on the backroom negotiations that have been underway to ensure that Yandex’s core Russian assets pass to Kremlin-approved hands, and now we’re finally there. The Naked Pravda spoke to Meduza journalist Svetlana Reiter about the ins and outs of the deal.

Timestamps for this episode:

• (2:16) Review of recent news
• (5:38) Meet Yandex’s new owners
• (10:18) The future of Yandex
• (18:56) Yandex International

Background

Bad billionaires A Putin-approved plan to sell Yandex’s Russian assets to a ‘consortium’ might collapse due to Western shareholders’ concerns about sanctions

a year ago

Background

Bad billionaires A Putin-approved plan to sell Yandex’s Russian assets to a ‘consortium’ might collapse due to Western shareholders’ concerns about sanctions

a year ago