Relevant information is presented in the shareholder voting documents on the business restructuring.
As stated in the release, the Dutch company Yandex NV is deprived of the right to create and develop similar services for five years around the world.
The exception will be foreign startups Avride, Toloka, Nebius and TripleTen. As a result of the deal, they can be developed everywhere except Russia and Belarus.
On February 5, it became known that Yandex NV entered into a deal to sell the Yandex business for 475 billion rubles to a consortium of private investors.
Thus, Yandex NV will cease to be the parent company of the group, by July 31 it will change its name and stop using Yandex brands.