Yandex shares bounce back as Russia softens foreign ownership rules

Shares in the NASDAQ-listed Russian tech giant Yandex have jumped higher on reports Russia will soften proposals to limit foreign ownership of strategically important tech firms.

The government is now considering placing a 50%-minus-one cap on the number of shares that can be held by non-Russian investors — up from the 20% limit proposed in a draft bill submitted over the summer.

Yandex shares bounce back as Russia softens foreign ownership rulesRead More