Yandex Corporation is registered as a legal entity in the special administrative district (SAR) on Oktyabrsky Island, Kaliningrad Region. The relevant entry is published in the registry EVIL.
The publication states that “Yandex is included in the registration of participants in the special administrative region.”
According to registry information, the company was registered on December 26. Yandex was re-registered as an international joint stock company (ICAO) in this special administrative region.
As the company’s press service explained, preparations for restructuring are thus underway.
“Registration of a new legal entity is a necessary procedure for the future optimization of the structure,” Yandex said.
VK holding in September I signed up again Conducting business in the SAR of the Kaliningrad region, thereby transferring the business to the jurisdiction of Russia.
Previously, within six months, Russian offshore companies affected 87 companies.