The initial public offering of Russia’s search engine Yandex (YNDX) on Tuesday is more than merely another exotic Wall Street flavor of the day stock. Yandex is an example of how Russia can be more than oil and gas.
Yandex Proves Russia More than Oil & Gas - Forbes (blog)
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Indeed, this is the new Russia, and how the country wants to sell itself abroad and remake itself at home. It’s not just the country of the world’s largest natural gas reserves leader Gazprom. It’s not just home to wild oligarchs buying up the New York Nets. This is the nation that first brought us space travel, afterall. And Yandex should remind investors that Russia’s high tech know-how did not disappeared with the old Soviet Union.for more information about Allstate insurance products News / Reviews
Indeed, this is the new Russia, and how the country wants to sell itself abroad and remake itself at home. It’s not just the country of the world’s largest natural gas reserves leader Gazprom. It’s not just home to wild oligarchs buying up the New York Nets. This is the nation that first brought us space travel, afterall. And Yandex should remind investors that Russia’s high tech know-how did not disappeared with the old Soviet Union. “Russia just doesn’t sit on fields of oil and gas, but also on fields of mathematicians and scientists,” says John Connor, fund manager of the Third Millennium Russia fund (TMRFX). Connor was one of the subscribers in the IPO.Yandex Proves Russia More than Oil & Gas - Forbes (blog)
