Yandex plans to exit the Russian market?
Yandex is considering leaving the Russian market to avoid repercussions from the conflict in Ukraine. This includes selling its operations and transferring innovative technologies to other markets, potentially impacting Russia’s goal of developing domestic replacements for Western high-tech goods.
Yandex, a prominent Russian IT company, intends to leave Russia to avoid the negative effects of the conflict in Ukraine.
In addition to selling its current commercial operations in Russia, including the well-known internet search engine, food delivery services, and taxi-hailing apps, Yandex plans to transfer its most innovative new technologies to other markets.
Experts suggest these developments could hamper Russia’s plans to develop domestic substitutes for high-tech goods coming from the West.
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