Yandex NV has extended through April the timeframe for completing the first stage of a $5.2 billion deal to sell its Russian business, the Dutch-based company said in a statement.
The divestment, which took more than a year to negotiate, opens the way for Yandex, which has been registered in the Netherlands since 2007, to develop some international projects while avoiding controversy around Russia’s war in Ukraine, now into its third year.