Яндекс предупредил инвесторов про потенциальные проблемы из-за событий на Украине и непредсказуемой Госдумы (+ комментарий Яндекса)

Обновлено 15:45 2014-04-06, пресс-служба Яндекса пояснила:

Годовой отчет - это юридический документ определенного формата, по законам жанра мы обязаны описывать все гипотетические риски, даже если их вероятность близка к нулю. И точно также поступают все публичные компании на Nasdaq, мы не первые и не последние. Описание этих рисков в отчете еще не означает, что компания действительно считает, что предполагаемые события когда-либо произойдут.

В ежегодном отчете в SEC «Яндекс» внес две существенные поправки в раздел рисков, связанных с российским происхождением и основным местом деятельности компании (Risks Related to Doing Business and Investing in Russia and Other Countries in which We Operate).

Один из рисков касается Госдумы, которая новые законы как пирожки печет. Яндекс предупреждает, что законы в стране стали постоянным источником сюрпризов (rapid or unexpected changes in the legislative framework).

Второй риск, как не трудно догадаться, связан с Украиной.

«Яндекс» предупреждает, что текущая ситуация вокруг Украины может повредить бизнесу и привести к негативной переоценке инвестиций в Россию.

Политические и экономические санкции могут затруднить работу иностранных клиентов «Яндекса» в России, что негативно скажется на прибыли и выручке компании. Санкции также могут затруднить работу Яндекса с зарубежными дочерними и материнской компаниями.

Официальные санкции, неофициальное давление на инвесторов в Россию и просто плохая экономическая и геополитическая обстановка в регионе могут привести к оттоку средств из бумаг «Яндекса», увеличению волатильности и снижению ликвидности.

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The current geopolitical conflict in Ukraine and other civil or military conflicts, or material disruptions in the political relations between Russia and the other countries of the CIS, may adversely affect the Russian economy and the value of investments in Russia, and could harm our business, financial conditions and results of operations.

Political, ethnic, religious, historical and other differences have, on occasion, given rise to tensions and, in certain cases, military conflict between Russia and other countries of the CIS, and in regions of the Russian Federation. For example, significant tensions are currently ongoing between Russia and Ukraine, where a powerful civil unrest has been gaining momentum since November 2013 and eventually resulted in the ousting of the Ukrainian President in February 2014. In response, on March 14, 2014 the Russian President requested that the upper chamber of the Russian Parliament grant permission for Russia to use military force in Ukraine. The stated goal of such military force is to protect the interests of the sizeable Russian populace of Ukraine and, in particular, that of Crimea, Ukraine's militarily sensitive and ethnically Russian southern province. On March 16, 2014, a referendum held in Crimea resulted in a vote for the region to secede from Ukraine and accede to Russia, and on March 18, 2014, Russia officially annexed the region.

Significant tensions currently exist between Russia and the West, including the United States and the European Union, as a result of actions related to the Ukrainian crisis. As of March 21, 2014, both the United States and the European Union had imposed sanctions on certain Russian government officials, arms sector figures, others deemed to be working on behalf of senior Russian officials, and, in the case of the United States sanctions, one Russian financial institution. These sanctions include banning visas and freezing their assets. There is still significant uncertainty regarding the extent or timing of any further political or economic sanctions, or the ultimate outcome of the Ukrainian crisis.

Political and economic sanctions may affect the ability of our international customers to operate in Russia, which would negatively impact our revenue and profitability. Sanctions could also impede our ability to effectively manage our legal entities and operations outside of Russia. We are domiciled in the Netherlands, while our wholly-owned primary operating subsidiary is organized under the laws of the Russian Federation. In 2013, we collected 7% of our revenues from outside of Russia and we are in the process of constructing a data center in Finland.

Political, civil or military conflicts between Russia and other countries could also negatively affect economies in the region, including the Russian economy. This, in turn, may result in a general lack of confidence among international investors in the region's economic and political stability and in Russian investments generally. Along with potential official government sanctions on Russia, U.S. and foreign investors may be pressured to reduce or withdraw their investments in Russia. Such circumstances may result in trading volatility, reduced liquidity and significant declines in the price of listed securities of companies with significant operations in Russia, including our Class A shares.

Emerging markets, such as Russia, are generally subject to greater financial, economic, legal and political risks than more developed markets. Such risks may have a material adverse effect on our business, financial condition and results of operations.

Emerging markets such as Russia are subject to greater risks than more developed markets, including in some cases, financial, economic, legal and political risks. Such risks or an increase in the perceived risks associated with investing in emerging economies could dampen foreign investment and adversely affect the economies of the countries in which we operate. For example, the current circumstances involving Ukraine may have deleterious macroeconomic and other effects on the regions in which we operate, including, among other things, increased volatility in currency values and a weaker overall business environment. In addition, such circumstances may harm or encourage volatility in our share price and in equity markets in general. These emerging market and economies are also subject to rapid change. For these reasons, our business, financial condition and results of operations may be materially adversely affected by any crises in Russia or other emerging markets in which we operate.