Russia’s Yandex withdraws 2022 monetary steerage

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The emblem of Russian web workforce Yandex is pictured on the corporate’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/Record Photograph

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April 21 (Reuters) – Russian web large Yandex (YNDX.O) has withdrawn its 2022 steerage, an SEC submitting confirmed.

“Within the present cases, our visibility over the … medium-term is very restricted,” the corporate mentioned.

“Our earlier steerage for 2022 will have to now not be relied upon and we aren’t ready to offer any forward-looking feedback at this level.”

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Reporting through Reuters; modifying through Jason Neely

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