What's On With Yandex Shares Today

February 28, 2022 1:36 PM | 1 min read | Make a Comment

Lithuania's transport and economy ministers have asked Alphabet Inc's GOOG GOOGL Google, and Apple Inc AAPL to remove the app for the Yandex taxi ride-hailing service in the country, Reuters reports.
The app is a threat to Lithuanian national security, Lithuania's transport minister Marius Skuodsi said.
Uber Technologies Inc UBER and Russia's Yandex NV YNDX own the app. Uber holds a 29% stake in Yandex's mobility businesses, Reuters notes.
Yandex halted for trading today as the Russian stock exchange is shut on the instruction of the Russian Central bank.
Price Action: YNDX shares traded lower by 21.3% at $14.91 in the premarket on the last check Monday.