Report: Econ min sees no future without such firms as Yandex - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Econ min sees no future without such firms as Yandex

MOSCOW, Oct 28 (PRIME) -- Russia has no future without such companies as Internet company Yandex, and the authorities should find a balance between security and interests of these firms, Economic Development Minister Maxim Oreshkin said October 25 in a broadcast of daily RBC.

Countries solve security issues regarding big IT companies in their own way. China, for example, fully cut off its market from Western services, Oreshkin said, adding he does not think the approach is correct.

УIn particular, Yandex is the only search engine in the world to rival Google openly, without any barriers, and is not only up to the competition, but wins it often. There is no future without such companies. There are security issues, but a balance should be found,Ф he said.

The State Duma, the parliamentТs lower house, received a bill in late July to limit foreign capital in significant information resources to 20%, but the government later suggested raising the cap to 50% minus a share. The document impacts Internet companies Yandex and Mail.ru Group.

End

28.10.2019 08:35
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 70.5047 -0.2547 10 dec
USD 63.7244 +0.0059 10 dec
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1457.06 +0.02 11:46 10 dec
micex 2941.20 -0.13 11:46 10 dec
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 248.26 -0.18 11:29 10 dec
lkoh 6153.00 -0.47 11:29 10 dec
rosn 449.55 +0.12 11:29 10 dec
sber 238.18 +0.48 11:29 10 dec
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 70.3850 -0.1550 11:29 10 dec
USDTD 63.5675 -0.1225 11:29 10 dec