- Yandex (YNDX +0.6%) will start a new national investment service in partnership with Russian lender VTB, according to a report in Russia's The Bell.
- Yandex.Investments will offer investors (including nonprofessionals) the chance to buy stocks as well as other securities, and will look to draw in customers with low minimum investment. (h/t Bloomberg)
- That might draw regulatory looks as Russia's Central Bank looks to protect retail investors from risks.
- It's the first major Yandex product in fintech since the company sold 75% of Yandex.Money to Sberbank.