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Yandex and Sberbank Finalize Divorce

One of the most high-profile Russian corporate partnerships is winding up.

CORONAVIRUS RECESSION

Profit Slumps Herald More Trouble Ahead for Russia’s Corporate Giants

Russian companies’ first quarter financial results are already showing the impact of the coronavirus. The worst is yet to come.

closing the gap

Yandex Offers Free Coronavirus Tests in Moscow as City Bears the Brunt of Russia’s Outbreak

The tech giant's offer is part of a wide-ranging assistance program during the outbreak.

where are you going?

Russia's Yandex.Taxi Admits to Sharing Riders’ Location With Police

The country's largest ride-hailing service maintains that it is legally bound to comply with requests from authorities.

Yandex Posts Steady Results After Turbulent 2019

Earnings beat analysts' expectations, but profits fell short.

Yandex Bets on Ultra-Fast Groceries

The Russian tech giant hopes its 15-minute grocery delivery service will help it eat into the supermarket industry.

EUROPEAN EXPANSION

Yandex To Launch Car-Sharing in Europe – FT

Russian tech giant to launch 1,000-strong fleet of electric vehicles in Europe later this year.

November Report: Russia’s Tech, Investment and Start-up Deals

EWDN’s monthly report on Russia’s tech and investment scene covers Sberbank’s sprawling ecosystem, Badoo’s megadeal and private fund shake-ups...

opinion Tatyana Stanovaya

Yandex Is Safe for Now, but Kremlin Compromise Is Fragile

Russia’s tech giant remains vulnerable to future attempts to bring it under closer state control.

HEAVYWEIGHT TIE-UP

Sberbank Finalizes Mail.Ru Partnership

The pair seal a new tie-up which could see Sberbank take a 20% slice of Mail.Ru.

SHUFFLING THE DEX

Yandex Proposes Sweeping Restructure to Allay Government Concerns

Yandex and the Russian government have reached a deal on a new governance structure for the tech giant.

Hundreds of Muscovites Brave the First Snow for Yandex's New Smart Speaker

People could exchange their vintage speakers, tape recorders and record players for the smart speaker.

Russia’s Yandex and Mail.Ru Report Strong Growth Despite Ownership Threats

Both companies confirmed they are pressuring the government to water down new caps on foreign ownership.

Russia's Yandex to Test Driverless Cars in U.S. Starting Next Summer

Yandex will provide a driverless taxi service in Detroit's business center.

Yandex Shares Bounce Back as Russia Softens Foreign Ownership Rules

Shares were up 9% on Monday morning, but Yandex is still vulnerable.

Yandex Self-Driving Cars Hit One Million Miles

Russian tech giant becomes 5th company to join the million-mile club.

Yandex Shares Plummet as Russia Considers Limits on Foreign Ownership

More than $1 billion wiped from the company’s valuation on fears the Kremlin favors limiting foreign investment in tech companies.

fintech service

Russian Digital Major Yandex to Launch Investment Portal With VTB Bank

A previous project between Yandex and state-owned Sberbank fell apart.

Russian Lawmaker Says Draft Foreign Ownership Law Not Aimed at Nationalizing Yandex

The draft law proposes limiting foreign ownership in internet firms to 20% if they are considered to be a "significant source of information."

Russia to Rework Draft Law on Limiting Foreign Ownership in Top IT Firms

Russia's Deputy Prime Minister Maxim Akimov called the draft law "destructive," boosting Yandex's New-York-listed shares.

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