'Geopolitical environment' leads to spin-out of cloud, self-driving and other tech
Russia's most prominent tech company, Yandex, has announced steps to move some of its intellectual property out of Putin country and dispose of the rest to local interests.
Like its Silicon Valley analogs, Yandex also looked for a more advantageous jurisdiction for its headquarters and picked The Netherlands, which has for more than a decade been home to holding company Yandex NV.announcing that its board"has commenced a strategic process to review options to restructure the group's ownership and governance in light of the current geopolitical environment."Development of the international divisions of certain services independently from Russia.
If the board chooses that path, it would leave Yandex NV holding some of the company's offshore operations, with the rest passing to other owners – possibly Yandex management in Russia.
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