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Thu, Mar 30th, 2023
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BUSINESS
- Russia
“Yandex” will suspend part of investments in Russia and abroad-NEWS.RU

(Read full article on news.ru)

Yandex is suspending part of its investments inside and outside of Russia, but will continue to invest in the development of key business areas in Russia, including search technologies, transport and streaming services, and cloud technologies. According to RIA Novosti with reference to the data of the company’s annual report, it will also continue to fulfil all obligations to partners and maintain the announced support programs.

Any prolonged economic downturn in Russia…could have a material adverse effect on our financial position and results of operations, —  the company’s report explained.

Earlier, the Kommersant newspaper wrote that Yandex.Drive could lose 35% of its fleet. According to the publication, the company’s leasing contracts expire, which forces the operator to return the cars to the owners.

Apr 22, 2022

DATA SNAPSHOT

BANKS
- Azerbaijan
Fitch affirms Azerbaijan’s Expressbank at ‘B’, outlook Stable
TRADE
- Uzbekistan
Uzbekistan’s foreign trade turnover at $13.15 bln in Q1, 2022
ECONOMY
- Belarus
Belarus inflation up 15.9% yr/yr in March-Statistics Committee
ECONOMY
- Georgia
Remittances to Georgia rise 3% yr/yr to $193 mln in March-central bank
THE TRIBUNE
- Eurasia
The Tribune suspends publication
HEALTH
- Covid-19
COVID-19 Eurasia Roundup
The Tribune keeps you up-to-date with the latest vaccines and infection data across the region.
OPINION
- Kazakhstan
OPINION-Kazakhstan’s Reforms Should Be More Than Just Show-FOREIGNPOLICY
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