Photo: Konstantin Kokoshkin / Global Look Press
Sberbank is not “getting a divorce” from Yandex, but there is a need to restructure their joint business. This was stated by the head of the bank German Gref in an interview TASS.
“We have no divorce. It’s about restructuring our joint business. We didn’t share anything, ”Gref explained.
He praised the development of joint projects with Yandex, noting the growth of the Yandex.Market service during the coronavirus epidemic. At the same time, Gref confirmed that there is competition between the ecosystems of Sberbank and Yandex, which creates problems.
“Ecosystems are highly competitive. This creates complexity. There was an objective need to think about how to get out of the situation, ”said the head of Sberbank. He specified that a mutually beneficial solution was found over the past year.