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Tech giant Yandex, battered by wartime censorship, reorganizes and leaves Russia

Tech giant Yandex, battered by wartime censorship, reorganizes and leaves Russia

Russian tech giant Yandex said it was reorganizing its operations, set to sever ties with Russia in a restructuring that tightens government control over a company once seen as an indicator of the the country’s digital economy. The announcement comes after months of internal turmoil, with executives leaving, the sale of the company’s two best-known …

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'Savings?  Are you kidding?'  Months after Moscow invaded Ukraine, Russians' money problems are growing

‘Savings? Are you kidding?’ Months after Moscow invaded Ukraine, Russians’ money problems are growing

“In June they laid off about 70% of my store,” said Sergei, a furniture maker in the Siberian city of Tomsk. The company had been suffering since March after its main customer, Swedish retail giant IKEA, withdrew from Russia following Moscow’s unprovoked invasion of Ukraine on February 24. “To be honest, I haven’t looked for …

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