'Russia's Google' Yandex to relocate amid mounting impact of sanctions

Yandex is aiming to move its new technologies outside Russia and sell established businesses, including internet browsers, food delivery apps, and tax-hailing apps

Internet giant Yandex NV, also known as "Russia's Google", is planning to cut its ties with the country to protect itself from the fallout of the war in Ukraine. According to a report by the New York Times (NYT), this is a setback for Russia's President Vladimir Putin's efforts to develop domestic substitutes for western internet giants. 

The Financial Times (FT), on Thursday reported that Yandex has "informally" listed Alexei Kudrin to win Putin's approval for the sale of its operations in Russia. Kudrin is Russia's chief government auditor and is believed to be close to Putin. 

He is expected