The stock exchange announced plans to delist securities in Yandex and Ozon, as well as Headhunter and Qiwi.
The Nasdaq stock exchange has notified Russian companies Yandex and Ozon that their shares will be delisted. Reuters reported this on March 15.
It was noted that a year ago, the stock exchange suspended trading in the securities of a number of companies operating in Russia due to the invasion of the Russian army in Ukraine.
Yandex and Ozon said they would appeal Nasdaq’s decision. None of them fell under Western sanctions. Restrictions were introduced only in relation to some top managers of Yandex.
The companies also disclosed that online recruiter Headhunter and payment service provider Qiwi have been notified that they have been delisted from Nasdaq.
Often referred to as Russia’s Google, Yandex has struggled to balance domestic pressures with Western pressures and last year sold its news feed and home page to state-controlled rival VKontakte.
Yandex’s holding company, which is registered in the Netherlands, has announced plans to relinquish ownership and control of most of the Yandex Group, including its core revenue-generating businesses.
It was previously reported that the largest crypto exchange Binance closed the possibility for Russian citizens to buy and sell dollars and euros through its p2p service.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.