Yandex, the “Russian” Google is in trouble following the sanctions. Beyond the most used search engines in Russia, Yandex is also a gigantic company that offers dozens of services including delivery, smartphones, mapping, email and online payment.

A flagship of Russian tech is on its knees in the face of sanctions against Russian companies. The conflict between Ukraine and Russia has caused a spectacular collapse in the value of Yandex, the “Russian Google”. Its action is not listed in Moscow, but on the Nasdaq, the New York Stock Exchange for Technology. As a result, its valuation has been divided by almost five just this week. Since Monday, all Russian companies with at least part of their shares registered in the United States have had their contributions to the country's stock exchanges suspended.

Yandex warns that a provision provides that if its listing on the Nasdaq is suspended for more than five sessions, some of its creditors may demand immediate repayment of its debt with interest at stake. The bonds covered by this provision are for an amount of $1.25 billion, with an original maturity date of 2025.