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Yandex to divest its Russia-based businesses

ir.yandex

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Re: Yandex to divest its Russia-based businesses

#71

Post by alephnerd »

Throw73747 wrote: post #28
threeseed wrote: post #11

This is likely related to the US imposing secondary sanctions early this year. Yandex would lose access to their US/EU bank accounts if they were still operating in Russia.

Not just that. Russia is going to confiscate all Western assets in Russia as a counter measure. Valued roughly at 200B USD, mainly owned by EU countries. Yandex would lose their Russian business in any case.

Yandex is keeping their Russian business.

This is Yandex's European arm divesting itself from the Search+Mail business they have in Russia.

In the press release, this was even mentioned - that Yandex's Russian management (aka most of it's management) would be buying out their Russian operations.

Re: Yandex to divest its Russia-based businesses

#72

Post by wodenokoto »

ivan_gammel wrote: post #65

I feel sorry for Volozh, he managed to keep his business for longer than many others. It is interesting that a part of the deal is paid in yuan, probably to avoid Western sanctions. This is the new reality in which Russian businesses do exist now and may be a sign of the fragmentation of the global financial system. Also interesting is that while Volozh now resides in Israel, Yandex was very active in UAE recently wi…

Other than a billboard for a gps routing service I haven’t seen anything resembling Yandex here in Dubai.

Re: Yandex to divest its Russia-based businesses

#73

Post by rat9988 »

vlovich123 wrote: post #35
rat9988 wrote: post #32

Earlier quoted context omitted.

It has nothing to do with google and alphabet. Apart from being a good search engine and a competitor within the same space.

OP is describing it as an analogy of what the equivalent action by Alphabet would be and it’s pretty accurate - Yandex search remains in Moscow while the rest of Yandex operations (eg cloud) remains in the EU.

Oh I see, after rereading, your explanation matches better.

Re: Yandex to divest its Russia-based businesses

#74

Post by roenxi »

throwaway_20357 wrote: post #47
Throw73747 wrote: post #28

Earlier quoted context omitted.

Not just that. Russia is going to confiscate all Western assets in Russia as a counter measure. Valued roughly at 200B USD, mainly owned by EU countries. Yandex would lose their Russian business in any case.

I think there is little hope of normalizing relations with Russia, so unfortunately these "Western assets" need to be written off anyway. A large part of them ($98bn) came from Cyprus which might just be round-tripping Russian money.

> I think there is little hope of normalizing relations with Russia

After 9/11, the US maintained productive relations with the Saudis. They're actively supporting Israel through the Gaza business. They have a long history of propping up dictators and thrashing countries for hard-to-articulate reasons (I still don't get exactly what the point of Afghanistan or Iraq was, even accepting the blunt "oil" that is sometimes given out).

I don't see why relations with Russia aren't normalised now. As can be seen in this very announcement (suddenly international deals are being handled in Yuan), the US appears hell-bent on taking Russia and China then welding them together. That seems wildly stupid to me and personally I think it is a serious foreign policy blunder. The US should have sought a quick peace in Ukraine and normalised relations immediately.

Re: Yandex to divest its Russia-based businesses

#75

Post by sorenjan »

roenxi wrote: post #74
throwaway_20357 wrote: post #47

Earlier quoted context omitted.

I think there is little hope of normalizing relations with Russia, so unfortunately these "Western assets" need to be written off anyway. A large part of them ($98bn) came from Cyprus which might just be round-tripping Russian money.

> I think there is little hope of normalizing relations with Russia After 9/11, the US maintained productive relations with the Saudis. They're actively supporting Israel through the Gaza business. They have a long history of propping up dictators and thrashing countries for hard-to-articulate reasons (I still don't get exactly what the point of Afghanistan or Iraq was, even accepting the blunt "oil" that is sometime…

The US sought a quick peace in Ukraine, they even asked Russia to not invade even before Russia started their invasion. You can't get much quicker than before the events have taken place. It didn't work because Russia isn't interested in peace, but that's not the US' fault.

Re: Yandex to divest its Russia-based businesses

#76

Post by smugglerFlynn »

wodenokoto wrote: post #72
ivan_gammel wrote: post #65

I feel sorry for Volozh, he managed to keep his business for longer than many others. It is interesting that a part of the deal is paid in yuan, probably to avoid Western sanctions. This is the new reality in which Russian businesses do exist now and may be a sign of the fragmentation of the global financial system. Also interesting is that while Volozh now resides in Israel, Yandex was very active in UAE recently wi…

Other than a billboard for a gps routing service I haven’t seen anything resembling Yandex here in Dubai.

They use different branding outside of Russia: https://www.reuters.com/technology/ride-hailing-app-yango-se...

Re: Yandex to divest its Russia-based businesses

#77

Post by misterioss »

BiteCode_dev wrote: post #51

Good, I use yandex mail and search and I would mind if it died. Mail is a no nonsense mail provider, and works everywhere my own tld address is rejected by stupid forms. And yandex censorship is different than google censorship, so the venn diagam of what you can find with both is pretty good.

[flagged]

Re: Yandex to divest its Russia-based businesses

#78

Post by HideousKojima »

roenxi wrote: post #74
throwaway_20357 wrote: post #47

Earlier quoted context omitted.

I think there is little hope of normalizing relations with Russia, so unfortunately these "Western assets" need to be written off anyway. A large part of them ($98bn) came from Cyprus which might just be round-tripping Russian money.

> I think there is little hope of normalizing relations with Russia After 9/11, the US maintained productive relations with the Saudis. They're actively supporting Israel through the Gaza business. They have a long history of propping up dictators and thrashing countries for hard-to-articulate reasons (I still don't get exactly what the point of Afghanistan or Iraq was, even accepting the blunt "oil" that is sometime…

>(I still don't get exactly what the point of Afghanistan or Iraq was, even accepting the blunt "oil" that is sometimes given out).

Are you serious? At least on the Afghanistan one? The war in Afghanistan began because the Taliban refused to extradite Osama Bin Laden (and several other terrorist, but Osama was the biggest one), it's pretty straightforward.

Re: Yandex to divest its Russia-based businesses

#79

Post by ziddoap »

fragmede wrote: post #26
trompetenaccoun wrote: post #13

>(Russian Google) Are there people here who don't know Yandex? Genuinely curious, if you didn't know what it is I'd like to hear from you.

This community's favorite thing is to complain about something that's ill defined. A post about BGP without saying it's the border gateway protocol will have its comments go off on a stupid tangent of if an HN reader should be expected to know what BGP is. (seriously people, go Google the term and don't demand everyone spoon-feed your intellectual midgetry!) Thus, an explanation that Yandex is Russian Google is to tr…

Nevermind. I was wrong. Asking someone to write out an acronym is too much.

Re: Yandex to divest its Russia-based businesses

#80

Post by [deleted] »

sorenjan wrote: post #75
roenxi wrote: post #74

Earlier quoted context omitted.

> I think there is little hope of normalizing relations with Russia After 9/11, the US maintained productive relations with the Saudis. They're actively supporting Israel through the Gaza business. They have a long history of propping up dictators and thrashing countries for hard-to-articulate reasons (I still don't get exactly what the point of Afghanistan or Iraq was, even accepting the blunt "oil" that is sometime…

The US sought a quick peace in Ukraine, they even asked Russia to not invade even before Russia started their invasion. You can't get much quicker than before the events have taken place. It didn't work because Russia isn't interested in peace, but that's not the US' fault.

[deleted]
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