An important development has occurred regarding Yandex, which was once considered a rival to Google, but subsequently lost its popularity. The umbrella company of Yandex services, based in the Netherlands Yandex NVdecided to withdraw completely from Russia. The reason for the decision, as you can guess, is the conflict between Russia and Ukraine. war.

According to the official statement of Yandex NV, all the company’s assets in Russia will be sold to a private consortium. $5.2 billion With the sale, Yandex’s presence in Russia will belong entirely to this consortium. The statement on the subject mentioned that several difficulties have been encountered since February 2022 the best solution has been reached specified.

Yandex NV will stop using the brand “Yandex”.

Yandex NV has made a radical decision during the 18-month agreement process. According to this decision, Yandex NV stopped using the Yandex brand. will leave. In other words, the naming rights of this brand will be transferred to the consortium, including the Russian oil giant Lukoil. This decision affects the future of the search engine. what impact will it have We will see it all together.

The decision taken satisfied the Russian government. Actually, this is not surprising, because Yandex from now on only Russians have that It will be a medium. Government spokesman Dmitry Peskov said in a statement on the subject: “Yandex is a national technology champion. Naturally, it is important to us that the company continues to operate in the country.” he said.