Russian lawmakers’ talk of limiting foreign ownership in tech companies crashes Yandex stocks

On October 11, the value of shares in the Russian tech company Yandex plummeted on the Moscow Stock Exchange, falling roughly 18 percent over the course of the day. The company’s shares suffered similar losses after trading opened on the Nasdaq in the United States. Yandex’s total capitalization losses are estimated at 100 billion rubles (almost $1.6 billion), echoing market fluctuations a year ago, when Sberbank was reportedly close to buying part of Yandex.