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TIL Yandex is not registered in Russia and has a significant amount of holdings in Euros and Dollars outside of Russia.

• stefan_ 5y ago
  Good luck taking payments in Russia, then. Not to mention being registered in Europe but doing business in Russia is a huge, huge, huge issue - you are one shipment or IP transfer away from being raided for circumventing the sanctions.
  • kurthr 5y ago
    Russia demanded companies headquartered there sell 80% of all dollar foreign reserves for rubles 5 days ago. All the way at the end, but there are other sources (Russian): https://www.nytimes.com/2022/02/28/business/russia-sanctions-central-bank-ruble.html https://www.nytimes.com/2022/02/28/business/russia-sanctions...
    • tazjin 5y ago
      Not entirely true. It was 80% of all foreign currency received after the 1st of January of this year. Source: I own a Russian company.
  • aasasd 5y ago
    I see you aren't aware that foreign companies can have local daughter companies that do business like any other local firms. And that Yandex has its operations smoothed over with the government long, long ago. Did you really think that one of the largest companies in the entire country, one of the leaders of the Runet, wouldn't talk about those things with the various agencies? Like, come into their offices and sit at a table with some of the agency's top dogs? Have you perhaps not heard of Yandex's ‘golden share’ owned, or previously owned, by Sberbank under explicit agreement with the government? Yandex is not a neighborhood cornershop company.