INSUBCONTINENT EXCLUSIVE:
Tech giant Yandexannounced Monday it has agreed to sell its Russian assets to a consortium of Russian investors for 475 billion rubles ($5.2
billion).The deal marks an end to more than two decades of Western investment in Yandex, which for years was seen as the crown jewel of
Russia's fast-growing tech industry and an example of successful Western investment in Russia.The Netherlands-based Yandex N.V
estimates at 918 billion rubles ($10.2 billion)
of the largest among the spate of corporate exits since Moscow ordered troops into Ukraine.Yandex N.V
chunk of Yandex's international-focused business lines, including AI cloud and data platforms, and self-driving technologies.Yandex N.V
said the buyer, an investment fund called Consortium.First, includes Russian companies and investment funds that are not under Western
has been unjustly branded as a "foreign agent" by the Russian government
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