Google accounts for about 36%, with VK's at less than 1%. Yandex dominates Russia's online search market with a share of around 62%, according to its analytics tool Yandex Radar. "This will enable us to do our business significantly depoliticised, practically completely depoliticised." ONLINE SEARCH "This business had been such a weight on our feet. "We are buying our freedom," a source close to Yandex said. Yandex has denied being complicit in censorship. read moreĪ former head of Yandex News, Lev Gershenzon, on March 1 described Yandex as a key element in hiding information about the conflict in Ukraine. In February, Yandex started warning Russian users seeking information about events in Ukraine of unreliable information online. Moscow has not blocked access to most foreign-language media, which remain freely available in Russia and on Yandex, but search results do restrict access to any sites that communications regulator Roskomnadzor has banned, many of which are Russian-language independent media. Yandex has in recent years complied with Moscow's demands, under threat of fines, over which publications' stories can feature on its news aggregator, drawing criticism from free-speech advocates. Revenues and profits recovered in the second quarter, and while its Nasdaq-listed shares remain suspended, trading in its Moscow shares resumed after about a month. It plunged to a first-quarter loss and its shares tumbled to six-year lows before trading was suspended in late February. Yandex has, like many Russian companies, had a turbulent few months. are best served by pursuing the strategic exit from its media businesses and shifting to a focus on other technologies and services," Yandex said in a statement. "The board and management of Yandex have concluded that the interests of the company's stakeholders. It has blocked access to some foreign platforms, including Meta Platforms' (META.O) Facebook and Instagram. It passed a law banning what it calls "false information" about the armed forces and quashing many organisations' ability to broadcast freely. Russia's years-long suppression of independent media intensified after Moscow sent troops into Ukraine on Feb. Vladimir Kiriyenko, the son of Putin's first deputy chief of staff Sergei Kiriyenko, is its CEO. VK runs Russia's largest social network, VKontakte, and an overhaul last year saw state-controlled gas exporter Gazprom and banker Yuri Kovalchuk, whom Putin has publicly called a personal friend, assume greater control over the company.
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