OREANDA-NEWS Yandex shares are growing by almost 2% on media reports about the plans of the company's parent structure to sell all Russian assets at one time, follows from the dynamics of trading on the Moscow Stock Exchange.

Earlier, Reuters, citing sources, reported that Yandex's parent company, the Netherlands-based Yandex N.V., is considering selling all its Russian assets at one time.

Against this background, the company's shares rose to 2677.8 rubles, the highest since October 27, and by 20.39 Moscow time they were growing by 1.8%, to 2624.6 rubles.

Yandex announced the restructuring in November 2022. The parent company Yandex N.V. is considering the possibility of separating the main part of the business into a separate Russian group of companies, plans to eventually withdraw from its shareholders and change its name, while the new structure of Yandex in Russia will include a number of foreign destinations and retain the brand.