May 18, 2022  SEONews
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Yandex N.V.: Sanctions And A Disaster For Potential Investors – Seeking Alpha

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Summary

  • Yandex’s trading has been suspended since February 28 on the NASDAQ this year, and more information was recently requested from the exchange.
  • The company is being accused of suppressing free information about the war in Ukraine, and one executive has already been sanctioned.
  • The complex geopolitical and macro backdrop are severely bearish signs for the company, so investors are advised to steer well clear of YNDX stock.

Yandex N.V. (NASDAQ:YNDX) is a dangerous situation for investors. The company is caught in a complex geopolitical situation, with 92% of its customers, advertisers, and users in Russia. This also includes large Russian corporations that may be liable for additional sanctions. The company’s stock is currently not being traded on the NASDAQ, and its trading has been halted on the exchange since February 28. In a press release, NASDAQ said it is seeking “additional information” from the company, but no other news was provided. I imagine that when…

Read Full Story: https://seekingalpha.com/article/4512987-yandex-nv-sanctions-and-a-disaster-for-potential-investors

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