The main structure of Yandex in the Netherlands did not submit any application to the government commission for the sale of the Russian business, said the head of the Ministry of Digital Development, Maksut Shadayev. According to him, the company only submitted an intra-group restructuring request.
Yandex’s parent company, Yandex NV, registered in the Netherlands, did not apply to the government commission to sell the Russian business. This was announced by the head of the Ministry of Digital Development, Maksut Shadayev, as reported by TASS.
“The materials did not contribute to the purchase of Russian assets of Yandex NV,” Shadayev said. According to him, Yandex NV submitted an application for intra-group restructuring of the company.
Yandex NV previously announced that it plans to split its business into Russian and international, abandon the Russian business, change its name and develop the areas of drones, cloud technologies and Yandex Practice.
As part of the business division, Yandex was supposed to buy the Russian business from its parent structure, but the deal stalled. After Arkady Volozh published a statement against the special operation, the amount that the Dutch company Yandex was to receive tripled.
Author:
Kirill Bilyk
Source: RB
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