Over the years, Yandex expanded its operations to various countries, including Turkey, Ukraine, and Belarus.

The Russia-Ukraine Conflict and the Birth of Nebius

Prior to the Russia-Ukraine conflict, Yandex N.V. had a valuation of $31 billion. However, the conflict led to a series of global sanctions against companies in the region, including Yandex. In response, Yandex co-founder and CEO Arkady Volozh was forced to resign after being placed on a European Union sanctions list.