Global Trade Alert
Global Trade Alert

Russia: Government commission authorised the sale of Yandex NV's shares to Russian investors

Announcement

05 Mar 2024

In March 2024, the government of Russia authorised the sale of Yandex NV's (registered in the Netherlands) shares to a consortium of Russian investors. 

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

2 in force

Implementation date

05 Mar 2024

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 5 March 2024, according to consistent media reporting, the Government Commission for Control Over Foreign Investments authorised Yandex NV's divestment from the Russian market. Yandex NV is a Dutch...

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Controls on commercial transactions and investment instruments In force

On 5 March 2024, according to consistent media reporting, the Government Commission for Control Over Foreign Investments authorised the sale of Yandex NV's shares in LLC "Yandex" to Russian investors....

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