Yandex Reaches Settlement with Russian Classifieds Companies Over Competition Law Dispute

January 21, 2022
Share this Post: 

Russian search giant and online classifieds operator Yandex has reached a settlement with the country's Federal Antimonopoly Service (FAS) putting an end to a dispute around the fairness of its search results.

The FAS told Yandex in February that it had used its position as the most popular search engine in Russia as well as the operator of its own stable of online classifieds portals to create unequal conditions for search services and that it was preferentially promoting its own products.

According to Reuters some 20 Russian internet companies, including both Adevinta-owned generalist Avito as well as leading real estate vertical CIAN, signed an open letter supporting the FAS in its investigation. The companies claimed that Yandex was favouring its own internet properties in its enriched search results rather than the results of third parties.

Yandex is the owner and operator of several online classifieds sites through its Yandex.Classifieds division. In the real estate vertical, Yandex's online marketplace is part of the chasing pack behind CIAN and Avito.

As part of the settlement, Yandex will pay 1.5 billion roubles ($19.6 million) to the Russian Fund for the Development of Information Technologies, a state fund that provides financial support to science and technology projects.


January 21, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Strategic Partnership1 1
LankaPropertyWeb Partners with EMediaLinks to Market Sri Lankan Real Estate to Chinese and North American Investors

Sri Lanka-based real estate marketplace LankaPropertyWeb has partnered with U.S.-based property marketing company EMediaLinks to market property in Sri Lanka to...

Read More
Shutterstock 1118947796
Baltic Classifieds Group Sees EBITDA Margin Reach 78% in Bumper Half Year Results

The online classifieds operator Baltic Classifieds Group (BCG) has reported bumper numbers for the first half of its 2024 financial...

Read More
Streeteasy Skyline
Zillow-Owned StreetEasy Hikes Daily Listing Prices by 15%

StreetEasy has increased its daily listing fee for rentals—the fourth such hike since 2017. Agents will now pay $7 per...

Read More
Portal Standards Cover Art
Portal Standards Report 2023 - Which Features Are 'Standard' on Real Estate Marketplace Websites?

When you think of the ideal place to find a new home, you probably conjure up a mental image of...

Read More

Editor's Pick