The eyes of the whole world are on Russia’s invasion of Ukraine. This human tragedy undoubtedly causes negative effects in many areas. Many institutions and organizations of the world continue to increase their sanctions against Russia and Russian companies. Russian large companies suffered great losses in this war environment. Added to these is Yandex, one of the most popular search engines.
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Yandex plans to sell its media division
The world’s most popular technology giants continue to impose sanctions on Russia. Many giant companies belonging to Russia have been greatly damaged by this environment. Rumors are that Yandex has a rather high embargo from the European Union. A prominent insider says the company has decided to sell Yandex News and Yandex Zen.
In fact, Yandex was one of the last companies to join the sanctions against Russia. According to rumors, the European Union (EU) is preparing for heavy sanctions against the company. EU regulators summoned Yandex executive Tigran Khudaverdyan to talk about the sanctions. The EU made the following statements on the subject:
To our list of sanctions, we add more oligarchs and elites, their families and prominent businessmen, who are involved in economic sectors that provide an important source of income to the regime. These sanctions also target those who play a leading role in the disinformation and propaganda that accompany President Putin’s war against the Ukrainian people. Our message is clear: Those who invaded Ukraine are paying the price for what they did.
The EU cites Yandex’s pro-Russian stance as an excuse. According to leaked information, Yandex is restricting pro-Ukrainian news sources about the war. For years, Yandex had wanted to achieve global popularity and preferred to remain neutral. It is already a question of how he will behave in this situation.
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