Yandex Provides Update on Impact of Current Developments
It&#x27;s funny that Russia&#x27;s largest tech company is actually Dutch.<p>It seems very odd to me that (1) NASDAQ can halt trading on any stock for any reason and (2) Yandex has promised its bondholders large considerations – enough to bankrupt the company – should their stock be suspended for more than 5 consecutive days. Even if you disregard the current crisis, how does a provision like 2 make sense for any company, considering 1? Was it just overconfidence? Or negligence?