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And they only have $625million of cash, of which only a portion is outside of Russia. They also state they may not be able to raise the balance of the note...th
by dougSF70 5y ago
And they only have $625million of cash, of which only a portion is outside of Russia. They also state they may not be able to raise the balance of the note...this is a perfect shitstorm.
- deleted 5y ago[deleted]
- laurent92 5y agoWhat if step 2 is Russia declaring that, as a sanction against economic sanctions, Yandex is nationalized? Can it avoid duty to existing stockholders?
- dougSF70 5y agoPossibly, but it is registered in Amsterdam and listed in the USA. Perhaps it works the Russian government bails them out and takes over as a result.