MOSCOW, Nov 25 (Reuters) – Russian President Vladimir Putin and former Finance Minister Alexei Kudrin touched on the way forward for web big Yandex (YNDX.O) in a late night time assembly, three folks acquainted with the matter instructed Reuters on Friday.
Sources instructed Reuters that Kudrin, one of many nation’s prime financial officers and a long-time colleague of the president, is predicted to go away his function as head of Russia’s Audit Chamber to take up a place with Yandex.
The way forward for the corporate, which dominates Russia’s on-line search and ride-hailing markets, but additionally has a number of operations overseas, has been the topic of hypothesis in Russian media in current months.
Two of the sources, who spoke on situation of anonymity with the intention to communicate freely, stated Putin and Kudrin had mentioned Yandex.
Kremlin spokesperson Dmitry Peskov stated he couldn’t verify whether or not the assembly had taken place or not.
“Kudrin is somebody who the corporate really feel is an effective particular person to navigate this as a result of he’s liberal sufficient to know that Russia wants a non-public web firm, free from nationalisation, and who has credibility in Putin’s eyes,” one of many sources stated.
Since Russia launched what it refers to as a “particular army operation” in Ukraine in late February, Nasdaq-listed Yandex, sometimes called ‘Russia’s Google’, has grappled with home stress on one aspect and its Western traders on the opposite.
Yandex didn’t instantly reply to a Reuters request for remark.
Reporting by Polina Devitt, Darya Korsunskaya and Alexander Marrow; modifying by Jason Neely
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