Moscow's Google competitor Yandex is cutting its roots. Investors loyal to the Kremlin are taking over the Russian business for a ridiculous price.
The cloud and AI sector, on the other hand, is intended to become the nucleus of a new global player. Russian law stipulates that companies from “unfriendly states” must accept such a discount if they want to withdraw from the Russian market. The splitting had already become apparent shortly after the start of the war against Ukraine in February 2022.