Fear of ‘brain drain’ preventing Russia from seizing Yandex, Reuters reports

The Kremlin’s fear of a major tech brain drain is the main factor preventing Moscow from nationalizing Nasdaq-listed Yandex, which has over 20,000 staff, Reuters’ Alexander Marrow and Polina Devitt report. “It’s obvious that if happens, the company will gradually come to nothing,” says one source. “And this is probably what is stopping tough action from being taken.”