Called Yandex City, it’s a straight-up map-centric local search site. It’s only available for Russia currently but will likely expand to other geographies that Yandex serves: Ukraine, Kazakhstan, Belarus and Turkey.
Yandex stock has suffered since the Putin crackdown and the crisis in Ukraine. But there are signs that things may be easing as the Ukraine crisis potentially heads for a peaceful resolution.
The Russian market doesn’t have the same glut of local search competitors seen in the West. Thus the company is filling a void. It’s possible that Yandex City could be competitive in selected Western European markets, as well.