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Yandex to divest its Russia-based businesses

ir.yandex

101–110 of 359 posts

Re: Yandex to divest its Russia-based businesses

#101

Wonder what happened to Jetbrains. They have a CZ entity but the largest part of the workforce was in Russia.

All their Russian offices were closed, including sales and R&D activities.

https://blog.jetbrains.com/blog/2022/12/06/update-on-jetbrai...

Re: Yandex to divest its Russia-based businesses

#102
post #66

Earlier quoted context omitted.

> Also interesting is that while Volozh now resides in Israel, Yandex was very active in UAE UAE is on friendly terms with Israel (at least for now). They have also been aggressively targeting US tech refugees (ie: telegram, binance).

That's not the reason. Around 20% of Israelis immigrated from the Soviet Union 20-30 years ago, and Russia and Ukraine still have fairly large Jewish communities. Volozh is himself Russian Jewish, so it makes sense he decided to take up Israeli citizenship instead of keeping his Russian one. A lot of Ukrainian and Russian Jews did that right after 2022. Dubai has a fairly large CIS diaspora (around 1.5-2% of the enti…

I was answering on the assumption that the previous poster was surprised about the UAE/Israel relation. Maybe I misread him.

Re: Yandex to divest its Russia-based businesses

#103
post #39

Earlier quoted context omitted.

Ah yes, just like in Russia we all know someone who was put in the trunk of a car by the FBI and driven around the forest just because they didn't want to pay up to the local director and his network of cronies. Or we all know of a prominent local case of a murderer or rapist that was released from prison (without any legal basis), then went on to fight a war for 6 months, then came back to our city with new military…

I am Russian and personally I know nobody with the former or the latter experience. I don't doubt such cases exist somewhere out there. But the prevalence of such revelations is from people re-posting emigrant press, who often do not have any firsthand Russia experience for a few years now.

Most Americans knowledge of Russia is based on movies depicting the Yeltsin era during the 90s. For them Moscow is like a giant prohibition era Chicago in a cyberpunk scenario.

Re: Yandex to divest its Russia-based businesses

#104

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.

All wars have something in common: they end. That thought in your head about lack of hope of normalizing relations is just the current propaganda working.

Edit: it's amazing just how short-sighted people can be. Look, we still bring up the Nazis as an unassailable argument for how something is bad. And yet the war with Germany ended and they are now a US ally fighting Russia. I'm sure in the midst of WW2 the common folk also believed that there can be no peace with Germany, after all the man on the radio said so.

Besides, during WW2 the situation was the opposite: Russia was an ally. And hey, if you study European history at all you'll note that it's a series of wars with shifting alliances.

Re: Yandex to divest its Russia-based businesses

#105
post #86

Earlier quoted context omitted.

No, the taliban did not refuse to do that - Bush refused to take him * https://www.theguardian.com/world/2001/oct/14/afghanistan.te... * https://abcnews.go.com/International/story?id=80482&page=1

That was a highly-conditional offer, that I suspect the U.S. administration felt was designed to give the Taliban and bin Laden breathing room to escape/hide/whatever their next move would have been.

Well thankfully we put a stop to that and immediately brought an end to the conflict and captured Osama without billions of dollars and a potential war!

Re: Yandex to divest its Russia-based businesses

#106

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.

All wars have something in common: they end. That thought in your head about lack of hope of normalizing relations is just the current propaganda working. Edit: it's amazing just how short-sighted people can be. Look, we still bring up the Nazis as an unassailable argument for how something is bad. And yet the war with Germany ended and they are now a US ally fighting Russia. I'm sure in the midst of WW2 the common f…

War didn't technically "end" between North and South Korea, North Korea is still a pariah state even if we were to accept the Korean war ended many decades ago.

Relationship between Russia and the west will probably be restored at some point but not without a lot of Russians and to a lesser extent Ukrainian getting killed, their economy and infrastructure gutted.

Re: Yandex to divest its Russia-based businesses

#107
post #57

Earlier quoted context omitted.

“#1 search engine in Russia”. Done and done.

but what is 'search engine'? /scnr

Yeah, Yandex do a lot of similar stuff to Google: Maps, Images, Mail, File Storage etc., and referring to them as 'just a search engine' is actually less useful than making the 'Google' comparison.

Re: Yandex to divest its Russia-based businesses

#108

>(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.

I’m more curious what you’re going to do to anyone who reports to you for the crime of not knowing what Yandex is

Re: Yandex to divest its Russia-based businesses

#109
post #106

Earlier quoted context omitted.

All wars have something in common: they end. That thought in your head about lack of hope of normalizing relations is just the current propaganda working. Edit: it's amazing just how short-sighted people can be. Look, we still bring up the Nazis as an unassailable argument for how something is bad. And yet the war with Germany ended and they are now a US ally fighting Russia. I'm sure in the midst of WW2 the common f…

War didn't technically "end" between North and South Korea, North Korea is still a pariah state even if we were to accept the Korean war ended many decades ago. Relationship between Russia and the west will probably be restored at some point but not without a lot of Russians and to a lesser extent Ukrainian getting killed, their economy and infrastructure gutted.

Well, at the current point of time Russia's economy and infrastructure are mostly intact. I'm not sure why is that for a dramatic change.

If you look at Iran, it also has its infrastructure in quite OK conditions - perhaps in better shape than all of their neighbours, and now that may even include Turkey. Russia is larger and has not self-inflicted being a theocracy.

As for the losses of both sides, I'd suggest leaving that to military experts.

Re: Yandex to divest its Russia-based businesses

#110

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.

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.

Slight edit to this. I didn't realize the core founding team was pushed out and largely committed Aliyah for Israel after the 2022 War began.

Not surprised either, as the core team was fairly progressive and anti-war, as a lot of Russian techies are. Also, it was the core team that was working on forward facing bets - sort of like a more functional version of Larry Page and Sergey Brin - and they're keeping those forward facing bets.

Middle management appears to still be operating in Russia though.

Edit:

To people commenting below,

IT Professionals and most other white collar jobs are draft exempted in Russia [0]

To make up for the unfairness, mobilized Russian soldiers are being paid Russian/Eastern European white collar level salaries ($2,500/mo) [1]

[0] - https://www.reuters.com/world/europe/russia-excludes-some-it...

[1] - https://www.nytimes.com/2023/03/31/opinion/russia-ukraine-wa...

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