Tuesday 22 Sep, 2026

Uber exits the Russian market

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Photo: Uber

Taxi service Uber is the next company to completely exit the Russian market. 

Uber has reached an agreement to sell its stake in MLU, a joint venture, to Russian IT company Yandex. The deal is worth $925 million and will make Yandex the sole owner, Russian news site RBC reports.

Yandex has previously bought out Uber in several other joint ventures, including a food delivery company. A number of Western companies have left the Russian market as a result of the Ukraine war and the boycott against Russia.

Source: TT-DI.SE

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