At the same time, the company's quotes on the Nasdaq exchange as of 18:23 are reduced by 18.14% to $ 29.11.
According to TASS, the drop in stock prices of the company occurs against the backdrop of the discussion of the bill on significant information resources.
On October 10, the State Duma Committee on Information Policy discussed a bill to limit foreign ownership of significant information resources of Russia at the level of 20%.
During the meeting, the representative of the Ministry of Communications said that the agency sent a draft negative response to this initiative to the government.
In turn, the FAS representative said that the agency does not have conceptual objections to this project.
At the end of July, a draft law was submitted to the State Duma, which proposes to limit at the level of 20% foreign ownership of information resources that are significant for the information infrastructure of Russia.
Violation of this rule will threaten a ban on advertising.
As the authors of the initiative pointed out, the bill concerns, inter alia, Yandex. In the case of the adoption of a document, the company will need to change the ownership structure.