Yandex's $5 Billion Exit Deal: Significance and Implications

Yandex N.V., the Dutch parent company of the Yandex group, has agreed to sell its Russian assets to a consortium of Russian investors for $5.2 billion, marking the end of more than two decades of Western investment in the tech giant. The deal, which still needs Kremlin approval, includes a "mandatory discount" imposed by the Russian government and is one of the largest corporate exits since Moscow's actions in Ukraine. The buyer, Consortium.First, includes Russian companies and investment funds not under Western sanctions, and Yandex N.V. will retain a small portion of its international-focused business lines.