“These are corporate affairs, no coordination with the Kremlin is required here,” Interfax quotes Peskov.

He emphasized that the company is systemically important in its industry and is extremely important from the point of view of the innovative future and development of the national economy.

The Kremlin representative also did not associate this decision with the bill restricting foreign participation in significant information resources.

Earlier, the Yandex board of directors recommended the adoption of amendments aimed at changing the corporate governance structure.

The Public Interest Fund plans to transfer the “golden share”, which is currently owned by Sberbank and allows blocking the consolidation of 25% of the shares in the hands of one investor.