Page 121 - RusRPTMar21

9.1.7 TMT sector news
Russian IT giant Yandex once again maintained the leading position in the rating of the most expensive companies in the Russian segment of the Internet, published by Forbes. According to the report, the value of the company reached $22.98bn. Yandex has been maintaining the title of the most expensive player in the Russian Internet segment for the third year in a row - in 2020 the company was worth $14.6bn, and in 2021 it has risen in price more than 1.5-fold. A year earlier, the growth was about 36%. The second place in the list was taken by Wildberries worth $14.52bn, and the third - by Ozon, worth $10.58bn and traded on the Nasdaq and the Moscow Exchange since the end of 2020. Other companies on the list included Mail.ru Group ($6.084bn), Avito ($4.907bn), Lamoda ($2.276bn), HeadHunter ($1.6bn), Delivery Club ($1.521bn) and AliExpress Russia ($1.1bn).
9.1.10 Utilities sector news
The Russian government is to consider a law on reducing emissions in Russia. The draft envisages mandatory CO2 reporting standards and tools to undertake carbon reduction projects with clear verification. In other news, Deputy Minister of Energy Pavel Sorokin said that Russia might launch a nationwide CO2 trading system, similar to the EU’s ETS system, and would
121 RUSSIA Country Report March 2021 www.intellinews.com