Strong capitalization of sector, investors gives power to go next
Trade closed: stop reached:
Stock fell sharply after Kremlin forced to limit foreign ownership of company.
citing one of magazines
@Russian president can ensure Sberbank, or someone else under Kremlin control, takes control of Yandex. Even if the CEO doesn't want to take on the Kremlin as a partner, Putin can make life very difficult indeed for Yandex in Russia -- where it generates 93% of its revenues -- until such time as the CEO and board assent.
Long story short, there's still the potential Russia makes an offer Yandex cannot refuse. And that's why today's enthusiasm over Yandex was short lived@
That idea seems very reliable, Kremlin do not want to breed uncontrolable force.
Moreover in digital market, where all the money is.
The price could go up, but now only when goverment decides to which point.
So pity that market has no fair play.
citing one of magazines
@Russian president can ensure Sberbank, or someone else under Kremlin control, takes control of Yandex. Even if the CEO doesn't want to take on the Kremlin as a partner, Putin can make life very difficult indeed for Yandex in Russia -- where it generates 93% of its revenues -- until such time as the CEO and board assent.
Long story short, there's still the potential Russia makes an offer Yandex cannot refuse. And that's why today's enthusiasm over Yandex was short lived@
That idea seems very reliable, Kremlin do not want to breed uncontrolable force.
Moreover in digital market, where all the money is.
The price could go up, but now only when goverment decides to which point.
So pity that market has no fair play.
Comment:
144 PIPS Losted