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NEWS


Russian lawmakers approve Kudrin exit, paving way for Yandex move

2022-11-30
MOSCOW (Reuters) -The upper chamber of Russia's parliament approved the resignation of Alexei Kudrin as head of the Audit Chamber on Wednesday, paving the way for him to take up a potential role at Russian technology giant Yandex. Kudrin, a close ally of President Vladimir Putin throughout his career, becomes the highest profile government official to leave a post since Russia sent tens of thousands of troops into Ukraine in February. Sources expect Kudrin to take up a role with Yandex, which last week announced a review of a possible sweeping governance overhaul that would leave its major business units in Russia under new ownership.

UPDATE 2-Russian lawmakers approve Kudrin exit, paving way for Yandex move

2022-11-30
The upper chamber of Russia's parliament approved the resignation of Alexei Kudrin as head of the Audit Chamber on Wednesday, paving the way for him to take up a potential role at Russian technology giant Yandex. Kudrin, a close ally of President Vladimir Putin throughout his career, becomes the highest profile government official to leave a post since Russia sent tens of thousands of troops into Ukraine in February.

UPDATE 1-Russia's Kudrin to leave Audit Chamber, opening door to Yandex move

2022-11-29
Former Russian finance minister Alexei Kudrin said on Tuesday he would step down as head of the Audit Chamber to focus on private initiatives, with sources expecting him to take up a role at Russian technology giant Yandex. Kudrin, who has been seen as both a pro-Western economic liberal and close ally of President Vladimir Putin throughout his career, would become the highest profile government official to leave a post since Russia sent tens of thousands of troops into Ukraine in February.

Former Russian finance minister Kudrin announces departure from Audit Chamber

2022-11-29
Former Russian finance minister Alexei Kudrin said he is leaving his role as head of Russia's Audit Chamber, the country's public spending watchdog, paving the way for a possible move to technology company Yandex.

Russia's Biggest Tech Company Wants To Cut Ties With The Country: Here's Why

2022-11-27
With the ongoing war with Ukraine, Russia's biggest tech company wants to move out of the country. Russia has recently targeted basic infrastructures in Ukraine through a wave of air strikes, causing severe damage in the country. Often referred to as "Russia's Google," Yandex is Russia's most prominent internet company, widely popular for its search browser and ride-hailing apps. Its Dutch-based parent company, Yandex N.V., now wants out of Russia because of the potential negative impact of the

15 Biggest Email Service and Account Providers

2022-11-27
In this article, we will discuss the 15 Biggest Email Service and Account Providers. You can skip our detailed industry analysis and go directly to the 5 Biggest Email Service and Account Providers. The email delivery services market may be divided into submarkets based on end-use sector, enterprise size, platform, application, and region. Current trends […]

Yandex Seeks Putin's Approval For Business Restructuring: Report

2022-11-25
Yandex N.V. (NASDAQ: YNDX), often described as “Russia’s Google,” sought Vladimir Putin’s permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian president’s approval, in principle, for the restructuring plan, Financial Times reports. The changes would lead to Yandex’s Dutch hold

Yandex parent to review ownership of Russian tech giant, seek divestment

2022-11-25
Russian internet giant Yandex's Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia.

UPDATE 1-Yandex parent to review ownership of Russian tech giant, seek divestment

2022-11-25
This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Nov 25 (Reuters) - Russian internet giant Yandex's Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. Yandex N.V. said it had started a "strategic process to review options to restructure the group's ownership and governance in light of the current geopolitical environment".

Yandex N.V. Provides Strategic Update on Potential Changes to the Group’s Corporate Structure

2022-11-25
Yandex N.V., the Dutch parent company of the Yandex group, announced today that its Board of Directors has commenced a strategic process to review options to restructure the group's ownership and governance in light of the current geopolitical environment, with a view to ensuring the sustainable development and success of the group's diverse portfolio of businesses over the longer term.