MOSCOW (Reuters) - Russia’s top internet search engine Yandex (YNDX.O) said on Monday it would consider restructuring its news services to make them compliant with a proposed law limiting foreign ownership of news aggregators in the country, if it were to be adopted.
A company spokesperson said Yandex was monitoring the situation closely.
The draft law limiting foreign investors from owning more than a 20 percent stake in the country’s news aggregators has been sent to parliament, Interfax news agency reported on Monday. Yandex’s parent company is registered in the Netherlands.
Reporting by Anastasia Teterevleva; Writing by Maxim Rodionov; Editing by Kirsten Donovan