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Russian competition watchdog gives OK to Yandex-Uber deal

Staff Writer |
Russia’s anti-monopoly regulator FAS said it had approved a deal to merge the Russian ride-sharing businesses of Yandex and Uber with certain conditions.

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In order to resolve competition concerns, the companies must not bar their partners, drivers and passengers from working for or using competitors’ services, FAS said in a statement.

Both companies should also fully inform users of the legal entity providing the service, FAS added.

Uber and Yandex, often referred to as the “Google of Russia,” announced the deal in July with Yandex as the leading partner.


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