Russian Internet giant Yandex to restructure under pressure

The company that operates Russia's largest search engine and news aggregator said it would create a Public Interest Foundation able to block any single entity from accumulating 10% or more of its economic or voting interests. — Reuters

MOSCOW: Yandex, the Internet giant said to be Russia's answer to Google, unveiled planned governance changes Nov 18 as authorities seek to tighten control over the Internet.

The company that operates Russia's largest search engine and news aggregator said it would create a Public Interest Foundation able to block any single entity from accumulating 10% or more of its economic or voting interests.