Yango denied negotiations with businessman Abramov to sell the service in Israel

Taxi service Yango is not in talks with Israeli entrepreneur Barak Abramov to sell the business. About this TASS reported in the press office of the company.

“Like any growing business, Yango regularly discusses opportunities for cooperation with various companies in Israel (this is part of the operational work). At the same time, Yango is not negotiating with Barak Abramov to sell all or part of the business,” the statement says.

August 10 Israeli newspaper Calcalist reportedthat Yango was in talks with the owner of the Beitar football club and several restaurant chains, Abramov, about a potential purchase of an Israeli business in connection with a Russian law that obliges to provide data on taxi users. It is noted that this did not lead to a deal. The company continues negotiations with other applicants, the article says. However “Yandexdenies plans to sell the business in Israel.

On August 8, Finland and Norway ordered Yandex to suspend the transfer and processing of user data collected in the Yango taxi service to Russia. The need for such a step was explained by one of the provisions of the law on the regulation of taxis in Russia.

Russian President Vladimir Putin signed this law in December 2022, it comes into force on September 1. According to it, the carrier must store for at least six months the information contained in the order log, providing them at the request of law enforcement agencies. In July, Russian Prime Minister Mikhail Mishustin approved the procedure for the FSB to access such data.

The press service of Yandex then told Vedomosti that Russian law enforcement officers could not access data on users’ trips outside of Russia. “Trip data can only be obtained by law enforcement agencies of the country where the trip was made, according to the procedures prescribed in local laws,” the representative office clarified.