CEO says Sberbank has no plans to stop partnership with Yandex
MINSK, Jul 16 (PRIME) Ц There are no grounds for termination of partnership between RussiaТs Sberbank and Internet company Yandex, head of the countryТs biggest bank German Gref said on Tuesday.
УWe definitely donТt intend to sever our relationship,Ф Gref said. УWe have very kind, partner relations, weТre partners on a number of projects, huge projects. What sense does it make to stop the relations?...I hope weТll cooperate always. We can work together on some projects and compete in others.Ф
In 2018, Yandex and Sberbank sett up a joint venture that develops marketplace Beru on the basis of Yandex.Market. The partners have equal non-controlling stakes.
Media reported earlier that the partners did not like the way their joint venture advances and had already exchanged views on a possible divorce. Both Sberbank and Yandex denied the reports.