Yandex could not stand Western sanctions: Sold two of its big businesses!

Russian invasion of Ukraine Afterwards, various sanctions were imposed on both the Russian state and Russia-based companies. The tech giant in the middle of these sanctions Yandex announced that it has sold two of its major businesses.

The new agreement, which was made quietly between Yandex and VK, includes Yandex’s digital news feed and blog service. Yandex.News and Yandex.Zen Russia-based technology company, which says it will be sold to VK, is afraid of losing its employees to western countries.


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Yandex News and Yandex Zen sold to VK

Starting on February 24 Ukraine crisisstarted to put the technology companies in Russia into a difficult situation. Yandex News and VK for Yandex Zen Announcing that it has an agreement with Yandex, it is implementing remarkable changes after the Western sanctions.

Yandex News, one of the two major services of the Russia-based company, shows news feeds from different sources, while Yandex Zen offers the opportunity to offer private blogs to users by bloggers and digital media outlets.

It was stated that “changing economic conditions” and “capital problems” were among the main reasons why Yandex took action to sell its two media services. In the joint statement from the companies, it was stated that the main terms of the agreement have been determined, but will not be disclosed to the public. Yandex News and Yandex Zen saleshas been submitted to regulatory authorities.

According to the allegations VK-Yandex agreement Negotiations have been going on since March. But the deal By order from the Kremlin was delayed.

After Yandex sold its two major operations, to city logistics and to the search engine He said he would invest more. It is also obvious that after Western sanctions, it will make an effort to retain its employees.

VK; mail.ru e-mail service, VKontakte and Odnoklassniki social media platforms, Delivery Club It is Russia’s second largest technology company with its food delivery service and other small projects. Moreover VK CEO Vladimir KirienkoLet us remind you that he is the son of Sergei Kirienko, Deputy of Russian President Vladimir Putin.

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