Wednesday, November 30, 2022
HomeGoogleYandex, the "Russian Google", is cutting ties with Russia

Yandex, the “Russian Google”, is cutting ties with Russia

Yandex is preparing to cut ties with Russia

Yandex, often called the “Russian Google”, wants to cut ties with Russia to protect its new business from fallout from the war in Ukraine, claims New York Times citing two sources familiar with the matter. The company is officially registered in the Netherlands and has European, British and American subsidiaries, but the majority of its activities are in Russia and Russian-speaking countries. Thus, the technology group would plan to transfer “its most promising new technologies to markets outside Russia and sell its activities established in the country”, which in particular include its popular search engine – a leader in the Russian-speaking space – and its applications. vehicle with driver and meal delivery, details the American daily. The development of new technologies, such as self-driving cars, artificial intelligence and cloud services, which require access to markets, will fail if they remain linked to Russia, one of these people said.

If Yandex were to go through with it, this restructuring plan would be a setback for Vladimir Putin, whose ambition is to replace Western technology products and services, “choked by sanctions,” with domestic substitutes, the newspaper further notes. However, such a change remains highly uncertain because the company must obtain approval from the Kremlin to transfer certain technologies outside of Russia. It also needs to find buyers for its Russian operations, which should continue to exist.



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