Set up in the dotcom boom in the late 1990s, Yandex developed its own search engine, mapping and advertising businesses. Other services include taxis and food delivery. Despite its nickname of ‘Russia’s Google’, Yandex has no ties to the US search engine giant or its parent company Alphabet. Since Russia’s invasion of Ukraine, many foreign-owned businesses have exited the country, often selling assets on unfavourable terms. The owner of Yandex, often referred to as “Russia’s Google”, has said it will pull out of its country of origin. The sale to a consortium of investors means Yandex’s Russian business is now a fully Russian-owned entity. Do you think that every G7 country need to have their own browser ?
