Kudrin’s meetings with Putin took place before the Yandex section – Kommersant

Kudrin’s meetings with Putin took place before the Yandex section – Kommersant


Press Secretary of the Russian President Dmitry Peskov said that Vladimir Putin’s meetings with the Yandex Corporate Development Advisor (MOEX: YNDX) Alexey Kudrin took place before the transaction to sell the company.

“We never talk about the internal kitchen. I can only confirm that Putin’s meetings with Kudrin actually took place,” Mr. Peskov said during a conference call, answering the question whether the president’s meeting with Alexei Kudrin played a “decisive role” in the Yandex deal.

Mr. Kudrin has been working at Yandex since December 2022. Prior to this, he served as Chairman of the Accounts Chamber of Russia from 2018 to 2022.

February 5, the parent company of Yandex Yandex NV announced on the sale of the business to a consortium of private investors for RUB 475 billion. The main owner will be the closed mutual fund Consortium. First” led by Yandex managers.

Yandex will retain the services and assets of Yandex NV, excluding foreign startups Nebius, Toloka, Avride and TripleTen and a data center in Finland. The Russian Yandex will retain the rights to all technologies. Yandex NV will receive limited rights to use some of the technologies until the end of 2024.

Read more about the deal in the Kommersant publication. “Yandex is different from Yandex”.

Alexander Kislov



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