FILE PHOTO: The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina
(Reuters) - Nasdaq-listed Yandex on Thursday said it had received proposals from a number of investors for stakes in its Russia-based businesses, as it progresses a restructuring process that will see the company spin-off some assets.
Since Moscow invaded Ukraine in February 2022, Yandex, while not itself under sanctions, has struggled to balance domestic pressure with the interests of its Western investors, and is now divesting its main revenue-generating businesses inside Russia and developing four newer units internationally.
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