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Putin hopeful that Yandex competitors won’t use non-market instruments

Russian President Vladimir Putin hopes that competitors will not use non-market instruments in their competition with Yandex. This statement was made by the President on Thursday at VTB Capital’s Russia Calling! forum.

"Yandex is growing fast. I hope that its partners will not use any non-commercial, non-market instruments in their competition. But I have no doubt that Yandex will continue to grow, and our other companies, such as Mail.Ru, Rostelecom and Sberbank, also have very good prospects. We will do our best to promote their development", - said Putin.

Yandex is a Russian IT company, which owns an online search engine under the same name, a web-portal and a number of various information services.

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