The company's market capitalisation has already been halved, costing investors billions of dollars, and the fire sale that is about to start will probably cost them hundreds of millions of dollars more. And that is just the financial cost: Yandex has been a beacon of success in the modern Russia, a world class company that has out googled Google. The restructuring will rescue a lot of value and create a serious business, but the dream that a Russian tech firm could not only hold its own in direct competition with the best that America has to offer but even win is being comprehensively destroyed. Yandex remake The Netherlands-based parent company Yandex NV announced on November 25 it will divest its Russian assets in an effort to unblock its Nasdaq listed shares and allow its international shareholders to exit.