Yandex Company disclosed a possible amount of the possible amount of costs for the proceedings on the so-called “sorcerer”, considered by the Federal Antimonopoly Service (FAS) – it may compile 4.4 billion rubles. This is stated in the Yandex N.V report. For the second quarter, RBC reports.
According to the company’s estimates, it will have to spend about 4.377 billion rubles to solve regulatory and legal issues (60.5 million dollars). This amount includes an administrative case on the search for the company, the FAS. In addition, another 3.275 billion rubles (45.2 million dollars) can go to other legal entities related to employment, data issues and confidentiality, compensation requirements for automotive accidents in a taxi segment, as well as the requirements for termination of contracts, complaints About copyright infringement and other issues.
As noted by TASS, Yandex has not recognized its responsibility for these complaints and administrative proceedings. “The management does not consider that the company suffered likely material damage due to any of these issues,” the report says.
In August 2020, a number of Russian online services, including Cyan and Avito, sent a complaint to the FAS, in which Yandex was accused of abuse of dominant position. Their main complaint was that sorcerers, or enriched responses, most often turn out to be higher in the search results and allow users to satisfy their request without transition to another page. Companies also argued that only Yandex services can get into such blocks, which leads to the loss of traffic by other sites. In the “Yandex” in response stated that such blocks do not have any advantages over other search results.