Representatives of the Dutch Yandex NV intend to separate the Russian part of the business into a separate group of companies. The brand will leave its name and continue to work in the format of a new structure, writes RIA News.
The automotive cluster, cloud technologies, educational services and some others are planned to be left. However, the international units will be completely separated from the Russian ones.
In the future, Yandex NV may withdraw from the shareholders and work outside of Russia and with a different name. In the meantime, the management of Russian business will be completely transferred to local management.