Russian internet group Yandex reports $110 million net loss in Q1

FILE PHOTO: People walk near the headquarters of Yandex company in Moscow May 23, 2011. The sign reads "Yandex". REUTERS/Sergei Karpukhin

(Reuters) -Russian internet group Yandex on Wednesday reported an adjusted net loss of 8.1 billion roubles ($110 million) in the first quarter of this year, a week after withdrawing its 2022 financial guidance.

Yandex itself has not been targeted with western sanctions over Russia's actions in Ukraine, but the Nasdaq-listed firm has faced a range of issues in the past few weeks, from senior management changes to European Union criticism and concerns over servicing its debt. [nL5N2VY3F0]