Russian Tech Giant Yandex Settles Competition Law Dispute

Russian tech giant Yandex said it had reached a settlement agreement in a competition law dispute over its search engine results with Russia's Federal Antimonopoly Service (FAS) and a consortium of IT companies. The FAS told Yandex last February that it had created unequal market conditions for general online search services, that it was preferentially promoting its own products and asked it to stop. Yandex at the time said it was ready to defend its position.