Yandex Will Develop Financial Product(s)

igran Khudaverdyan (Deputy Chief Executive Officer), in an interview with RBC, spoke about the company’s plans after the company parted ways with Sberbank, and then failed in a buyout deal with Tinkoff.

Accorrding to Tigran, Yandex still plans to release its financial product and the company will definitely need a banking license for it.

There is a possibility it may be funcational within a year, and be wholly digital with no physical presence.

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Dan Taylor
Dan Taylor is an experienced SEO consultant and has worked with brands and companies on optimizing for Russia (and Yandex) for a number of years. Winner of the inaugural 2018 TechSEO Boost competition, webmaster at and Sloth.Cloud, and founder of