Russian internet major Yandex squeezed out of Ukraine, closes offices

By bne IntelliNews June 2, 2017

Russian internet major Yandex will shut its offices in the Ukrainian cities of Kyiv and Odesa, the company’s public relations officer Ochir Mandzhikov was quoted as saying Vedomosti daily on June 1.

“Yandex.Ukraine is included in the sanction list and practically can’t keep operations on the territory of the country,” Mandzhikov said, adding that the accounts of the company are blocked and employees can’t be paid.

Reportedly, employees in Kyiv and Odesa will be offered positions in Russian offices. The news follows reports that Yandex’s offices were raided in late May by Ukrainian security forces investigating possible treasonable actions by staff.

Yandex released a statement denying any involvement of the employees of Yandex.Ukraine in any illegal activities and the transfer of information to Russian security services.

The upheavals around Yandex are another consequence of the recently imposed Ukrainian sanctions on Russian internet companies and social media. However, Ukrainian President Petro Poroshenko’s latest strike at all things Russian looks set to backfire, as a decree published on May 16 that prohibits Russian social media and other internet sites used by millions of Ukrainians has drawn sharp criticism at home and abroad.

Targets of the ban, drafted by Ukraine’s National Security Council, include the Yandex search engine, anti-virus companies Kaspersky Lab and Dr.Web, and the 1C accounting software that is used by thousands of Ukrainian companies.

Measures imposed on Yandex and Mail.ru Group on May 15 will affect a significant part of their audience and to some extent limit expansion opportunities of the companies, according to analysts.

Related Articles

Norway's Scatec Solar to construct €85mn solar plant in Ukraine

Norway's Scatec Solar is going to begin the construction of a €85mn solar power with a total capacity of 83 MW in Ukraine's Cherkasy region this year, according to the company's June 12 ... more

Uber is “over” in Turkey, Erdogan tells guests at Istanbul dinner

The business of ride-hailing company Uber Technologies Inc. is “over” in Turkey, the country’s President Recep Tayyip Erdogan reportedly said on June 1. “There is no such thing anymore. We ... more

Russian anti-virus software company Kaspersky Lab relocating to Switzerland

Russian anti-virus software company Kaspersky Lab will move its data and major processing centre out of Russia to Switzerland by year-end in a bid to win back customers’ trust, the company said on ... more

Dismiss