Post by mhbruin on Nov 25, 2022 9:11:43 GMT -8
Yandexit?
Russia stands to lose its biggest tech company, which would throw a wrench in President Putin's plans to foster Russian-grown alternatives for Western technology.
Yandex, often referred to as Russia's Google, is the country's largest internet business best known for its search browser and ride-hailing apps. But its Dutch-based parent company wants out of Russia because of the potential negative impact the Ukrainian invasion could have on its business, according to a New York Times report. The exit of Russia's biggest tech giant would deliver a blow to President Vladimir Putin, who has made a concerted effort to produce Russian technology and goods as sanctions cut access to Western suppliers.
Russia stands to lose its biggest tech company, which would throw a wrench in President Putin's plans to foster Russian-grown alternatives for Western technology.
Yandex, often referred to as Russia's Google, is the country's largest internet business best known for its search browser and ride-hailing apps. But its Dutch-based parent company wants out of Russia because of the potential negative impact the Ukrainian invasion could have on its business, according to a New York Times report. The exit of Russia's biggest tech giant would deliver a blow to President Vladimir Putin, who has made a concerted effort to produce Russian technology and goods as sanctions cut access to Western suppliers.