In preparation for the presidential election, the Kremlin decided to nationalize Yandex in order to keep the information space under its full control.
In 2024, presidential elections are to be held in the Russian Federation. The Kremlin is already actively preparing. The first step was to announce the nationalization of Yandex.
For a long time, the company tried to balance between the Russian authorities and the West, but recently it has been losing ground in the direction of the Kremlin. Analysts from Institute for the Study of War.
The Kremlin is trying to force Yandex’s management to either sell their company outright or move as far away from all international subsidiaries as possible, including Yango Israel. The Kremlin requires the company to provide all data about users living in the Russian Federation and using Internet services.
The government of the Russian Federation has repeatedly fined Yandex for failing to comply with the law on the disclosure of personal data of Internet users.
And representatives of Yandex have repeatedly said that they do not support the law on providing personal information about their users.
The source says that Yandex’s corporate development adviser Kudrin wants to turn the company into a national company run by Putin’s banker Kovalchuk.
The former CEO of the company, Volozh, publicly condemned the Russian army’s invasion of Ukraine. He also has no doubt that the Kremlin is ready to take over Yandex.
Journalists from Reuters are sure that after the nationalization of the company, most of the employees will leave the Russian Federation, as some of them did after February 24, 2022.
Analysts from ISW do not rule out that after the nationalization of Yandex, the company will be transferred to Kiriyenko, deputy head of the presidential administration. This will be like a reward for his active participation in the suppression of Prigozhin’s rebellion.
We previously reported ex-CEO “Yandex” no doubt that the Kremlin is ready to nationalize the company.
We will remind, the Kremlin intimidates the Russians let me know about VPNto fully control the Internet space.
Author: Dmitry Myronenko
2023-08-11 04:17:24
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