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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

#201

Post by alephnerd »

cedws wrote: post #188
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.

With that is goodbye to any chance of wider Europe investing in Russia for the next century. I hope India takes notice because so far they seemed to have cared little about the blood on their hands.

> I hope India takes notice because so far they seemed to have cared little about the blood on their hands.

If there's a buyer, there's a seller [0]. EU member states need oil, so they buy it via India.

There's no alternative to Russian crude for the European market.

Anyhow, the last time Indian listened to Western oil sanctions over Iran in the 2008-10 period [1], the Indian economy ground to a halt and had a lost decade [2] while China grew with double digits in the same period, powered by Iranian crude.

Oh, and Iran still exists in 2024 and can project even more power than it ever could in 2014.

Given this context, India ain't dropping this competitive advantage.

[0] - https://www.reuters.com/business/energy/fuels-russian-oil-ge...

[1] - https://www.nytimes.com/2010/12/31/world/asia/31india.html

[2] - https://www.hks.harvard.edu/sites/default/files/centers/cid/...

Re: Yandex to divest its Russia-based businesses

#202

Post by snird »

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…

The massacre was in Israel, when Hamas mass raped and murdered Israelis.

What happens in Gaza is a justified war to prevent such attacks from occuring again.

Re: Yandex to divest its Russia-based businesses

#203

Post by somenameforme »

twixfel wrote: post #169
whimsicalism wrote: post #146

Earlier quoted context omitted.

Of course it is not just their choice. Russia has indicated their willingness to accept current holdings (for now, you are right there are no guarantees). Ukraine could and should get better than just that, but this notion of taking back Crimea is a pipe dream and I don’t support continued funding until that goal is realized.

If you want to be extremely cynical and seek to strictly extend and project the USA's power as harshly and effectively as possible, the war in Ukraine was God's gift to the USA. They get to basically take out Russia (China's key geopolitical ally) without losing a single American life, for a tiny fraction of the amount they're used to spending on wars. And yet it's American nationalists themselves who want it all to…

That rhetoric, outside of being sociopathic, is also almost certainly just not true.

I'm sure you've also been watching this war play out. When Russia first invaded their army was disorganized, relatively ineffective, and on extremely unstable footing. And when NATO entered the picture there was genuine fear about Western weaponry. Now Russia's military is much more effective, the visage of dominance of Western weaponry has been completely destroyed (along with large amounts of said weaponry itself), Russia's military production has reached highly competent levels, and they're altogether in a much better place. Even the no American lives part is false. Not only have numerous mercenaries and contractors been killed, but I think it's extremely safe to assume that there have been casualties among the inevitable individuals who are not officially there.

Also, one mistake you make is in claiming that withdrawing will have negative consequences (which I agree with), and then jumping from there to 'well, then we shouldn't withdraw!' Unfortunately in real life the choice is often not between a good choice and a bad choice, but between a bad choice and an awful choice. This is even more true when acting under poor leadership, or leadership with insufficient foresight. And I don't see how continuing this war is anything but negative for basically everybody, except perhaps Boeing and other arms dealers.

Re: Yandex to divest its Russia-based businesses

#204

Post by foofie »

khzw8yyy wrote: post #104
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.

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…

> 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.

I don't think your comment is grounded on reality, and it's ironic how it parrots one of Russia's anti-ukraine propaganda tropes: the collective west should just stop backing Ukraine because the faster they cave in, the faster all relationships normalize.

Even if you believe fairy tales about forgetting Russia's perpetual threat of nuclear annihilation and Russia's "our empire will extend to Lisbon" threats, all you need to do is look at the Soviet Union's rejection of peace and a free world up to it's collapse to understand that any talk of normalization is at best thoroughly unsupported and at worst more Russian propaganda.

Re: Yandex to divest its Russia-based businesses

#206

Post by elzbardico »

H8crilA wrote: post #140
elzbardico wrote: post #103

Earlier quoted context omitted.

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.

Fast forward to 2020s - the gangs are now reorganized under the Siloviki, the "strong man". Methods have changed from being shot in the street to being defenestrated. Meanwhile the state uses beatings and barrier troops to enforce military discipline at war. It also castrates and starves POWs and performs organized, list-based murder on the territories that it occupies. I could go on and on, but yeah. Russia fundamen…

[flagged]

Re: Yandex to divest its Russia-based businesses

#207

Post by A4ET8a8uTh0 »

HideousKojima wrote: post #150
ecommerceguy wrote: post #122

Earlier quoted context omitted.

What country was Osama bin Laden found in?

What does where Osama was killed a decade later have to do with where he was operating out of in 2001?

Odd. I do not remember US meting out the same type of punishment to Saudi Arabia.

Re: Yandex to divest its Russia-based businesses

#208

Post by peterfirefly »

buran77 wrote: post #159
roynasser wrote: post #142

Earlier quoted context omitted.

[flagged]

Everyone who ever waged war since the dawn of time though they are justified or entitled to do it. Russia invaded Ukraine to defend endangered Russian minorities. Israel pounds tens of thousands of civilians that they were already treating inhumanely into dust to defend against terrorists. US blew up villages in Asia or weddings in the Middle East to defend democracy. Germany plunged Europe into war to defend the dre…

> Russia invaded Ukraine to defend endangered Russian minorities.

No.

Re: Yandex to divest its Russia-based businesses

#209

Post by cpursley »

whimsicalism wrote: post #200
alephnerd wrote: post #190

Earlier quoted context omitted.

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] The issue is if you're a Russian contractor working for a western company, how is the western company supposed to pay you? Russia's banking system has been decoupled from the west, and even Asian…

> To make up for the unfairness, mobilized Russian soldiers are being paid Russian/Eastern European white collar level salaries ($2,500/mo) [1] $2500/mo is way higher than I would have thought they were paying these soldiers.

https://youtu.be/t-VUAeRMGQU?si=0wNOnWtIiTBYh2XR&t=287
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