![]() Yandex also noted that it would likely re-brand its Dutch holding company, though this has yet to come to fruition. And back in November, Yandex announced plans for a corporate restructuring that would distance itself from its Russian roots through further divestments, while leveraging its existing international presence in areas such as self-driving cars and cloud computing. ![]() To protect its remaining interests, Yandex has been divesting some of its properties, including offloading its news service to a rival with close ties to the Russian State. Many Western companies suspended operations in Russia in early 2022 due to sanctions, while Yandex CEO and founder Arkady Volozh left the company last June after he was included on a list of sanctions issued by the European Union. ![]() In the months that followed, Yandex’s shares went into freefall as Russia invaded neighboring Ukraine, leading Nasdaq to put a temporary halt on trading in February, 2022. Yandex had been performing well as a public company, reaching an all-time high in November, 2021, with a market cap of $31 billion. This was followed by a secondary listing on the Moscow Exchange three years later. Yandex first went public on Nasdaq in May, 2011, via a parent holding company called Yandex N.V. The most prominent of the quintet is Yandex, a 25-year-old tech company often called “The Google of Russia,” owing to its products spanning search, e-commerce, advertising, maps, transportation and more. stock exchanges, a year after trading was halted in the wake of Russia’s invasion of Ukraine. Five Russia-affiliated internet companies are to be formally delisted from U.S.
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