Nasdaq tells Yandex, other Russian firms of plan to delist stocks

MOSCOW :The Nasdaq stock exchange has informed Russian Internet giant Yandex and e-commerce firm Ozon that their stocks will be delisted, the companies said on Wednesday, more than a year after trading in their securities was suspended.

Yandex and Ozon said they would appeal the decision. Neither company has fallen under Western sanctions, although some of Yandex's top management have. "Nasdaq’s notice of determination does not affect the company’s operations, services, financial position or ability to meet all financial obligations to partners and other counterparties," Yandex said in a statement.

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Nasdaq to delist Russian internet giant Yandex: CompanyThe Nasdaq stock exchange has informed Russian internet giant Yandex that its stock will be delisted, Yandex said on Wednesday, over a year after trading in its securities was first suspended. Nasdaq suspended trading in the securities of a number of companies operating in Russia days after Moscow despatch
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