Volozh explained why Yandex cannot be compared with Google

Founder of Yandex Arkady Volozh on the investment forum "Russia calls!" He called the main differences between the Russian IT company and the American Google: according to him, Yandex cannot compete in the traditional sense with Google in all directions, since it does not develop, for example, a quantum computer.

• The founder of Yandex said that he was “tired” from comparison with the American giant. According to him, “Google has a slightly different form”, and he has a common thing with Yandex that they both “started with a search”.
• Volozh proposed comparing Yandex not with Google, but with other world corporations working in industry areas.

Quote. “We have, for example, a taxi-let's compare Yandex with some uber. We have drones-let's compare not only with Google, but also with some General Motors, ”said Volozh. According to him, in those sectors where Yandex operates, the company is “at the world level”.

• Responding to the same forum to a similar question, the Minister of Economic Development Maxim Oreshkin said that Russia is not everywhere behind the IT sector, but "from the point of view of technology and their development for individual segments, we are one of the leaders."
• The first day of the forum will be remembered by the public dispute of Oreshkin with the head of the Accounts Chamber Alexei Kudrin about the expenditure of budget money. According to Kudrin, in the economy "Hovis" a whole trillion rubles.
• This week, the new Yandex management structure has become clear, which will remove the claims of the authorities. In fact, we are talking about indirect state control.

Read also Yandex rose by $ 1.3 billion on the news about the new structure. Will he grow further?