Comment by alephnerd

Yandex Mail is part of the Russian business that is getting divested based on the press release.

Yandex is basically splitting it's Russian assets (Search, Mail) from it's EU assets (a couple moonshots and a DC).

It looks more like a Russian company divesting from the EU than the other way around tbh.

"The Purchaser consortium, led by members of the senior management team of our Russian businesses"

"YNV will retain a portfolio of international businesses and other non-Russian assets, including four early-stage technology businesses and other assets:

- Nebius AI, an AI cloud platform that is one of the largest providers of GPU capacity in Europe;

- Toloka AI, a data solutions partner for GenAI and Large Language Model development;

- Avride, one of the leading developers of self-driving technologies;

- TripleTen, an EdTech service that equips people with in-demand tech skills;

- our data center located in Finland;

and minority investments in other technology businesses."

[0]

[0] - https://ir.yandex/press-releases?year=2024&id=05-02-2024