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YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

Yandex" made a decision to liquidate the Internet service "Yandex.Investments" created for financial management. The reason is the fact that VTB Bank, a former partner in dealing with securities, fell under strict foreign sanctions. The inability to trade assets of foreign companies led to an inevitable outcome. According to Interfax, platform users will be allowed to buy shares and other securities and replenish their accounts until April 11. After that, the service ...

Yandex announced the risk of default in company

... board of directors, nor the shareholders were sanctioned, but there may still be negative financial consequences. We are talking about trading on the Moscow Exchange, which were suspended until March 4 inclusive. In addition, Nasdaq and the New York Stock Exchange suspended trading in securities for a number of companies with a significant number of operations in Russia. This list includes Yandex. Describing the situation , the representatives of the company indicated that, according to the rules,...

Total sale: Western investors get rid of Russian shares

... and the depository receipts are rapidly falling in price. A record was the depreciation of Sberbank's assets on the London Stock Exchange (LSE), where the price per receipt fell to 1 cent yesterday. Sberbank has been trading its securities in London ... .... Before the conflict in Ukraine turned into a ‘special operation’, $8.97 was offered for a receipt (data from February 23). Sanctions imposed by the United States and Great Britain have led to the fact that credit institutions are now forced to close ...

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