Ahead of its NASDAQ IPO, Internet search engine Yandex is issuing warnings
regarding possible takeovers by oligarchs and the potentially negative effects of any state presence on the company’s board. ‘High-profile businesses in Russia, such as ours, can be particularly vulnerable to politically motivated actions.
‘ The price is due to be set by May 23
. This week’s news that Yandex released information
on Alexei Navalny’s donors to the Russian government bring this warning home. The Moscow Times has published Vedomosti’s list of various children of governors
who own ‘sizable stakes
‘ in companies. The central bank says that a third of Russia’s banks
fall short of minimum capital requirements. ‘Banks could not survive without the central bank’s help.
‘ Russia has plans to become a net exporter of pork and poultry
by 2020 – and plans to double grain exports. On Russia’s various Middle East arms contracts