The war and sanctions imposed on Russia led to an outflow of Western capital, and the Kremlin began increasingly boldly to “encourage” companies to sell their products, among others. Factories and factories for the Russians, as was the case, for example, with Volkswagen. And it's practically cheap.
Another sale took place on Monday (February 5). This time, the Kremlin indirectly took control of the Russian-Dutch company Yandex. The Dutch, as a result of the 50 percent required by the Russian authorities. They will receive a discount of US$5.2 billion.
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Why was the Kremlin so interested in acquiring Yandex?
As a result of this transaction, Yandex becomes the property of, among other things, Management of the Russian company, in addition to a fund based on the oil giant Lukoil. However, Russians cannot use the original name of the company and search engine.
Reuters confirms in its information about the sale that Yandex has always tried to present itself as an entity independent of the influence of the Kremlin. The regime even tried to nationalize the Russian Google.
Arkady Voloz, co-founder of Yandex, who moved from Russia to Israel in 2014, in August described Russia's invasion of Ukraine as “barbaric.” This prompted some in the Kremlin to push for the nationalization of the company“- writes Reuters, citing people “with knowledge of the matter.”
The agency added that the sale process, which is subject to regulatory approval and shareholder approval, will be completed in two stages, the first of which is expected to be completed in the first half of 2024 and the second within seven weeks.
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