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I honestly have no insight in their motivation here, but I shared my guesses.

From legal standpoint 99.9% of game development companies originated from Russia never held any IP within the country legal framework to begin with. It was a rule of a thumb of doing any IT business: register everything on Cyprus or in other functioning country. Usually regional office is only received money from holding company to pay for ads, pay salaries and minimal taxes.

So unlike giants like Yandex they were never under Kremlin direct control and could withdraw out of country rapidly without any losses.



As far as I remember, formally, Yandex Russia is also a subsidiary of a company based in the Netherlands.


That's true, but majority of Yandex business was always inside Russia. Also Kremlin's Sberbank held golden share in Yandex since 2019 to veto any changes in company they dont like.

For game development companies like Gajin it was always just one of the markets even if important one.




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