Russia: Announced FAS Investigation into Yandex LLC over alleged violation of Advertising Law

On 20 November 2023, the Federal Antimonopoly Service (FAS) launched an investigation into Yandex LLC over the alleged violation of Advertising Law. The investigation was opened following a complaint filed by a citizen reporting that Yandex.Plus online subscription advertisements that had falsely claimed a lower price with a 44% discount. The complainant was denied the subscription at the advertised price. The FAS will assess if Yandex's advertising constitutes a violation of Advertising Law. If found guilty, Yandex could face a fine of up to RUB 500'000.