The Federal Antimonopoly Service has issued an order to Sberbank and Yandex to stop distributing inappropriate advertising. This is reported on the FAS website.
The antimonopoly authority received a complaint from an individual about an online advertisement for a Savings Bank car loan, which was distributed using the Yandex Direct service.
The advertising banner contained information about the possibility of obtaining a loan for the purchase of a vehicle. However, there was no warning phrase in the text: "Assess your financial capabilities and risks," the FAS emphasizes.
Sberbank — Sberbank of Russia PJSC (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the main creditor of the Russian economy and holds the largest share in the deposit market. Sberbank's services are used by customers in 18 countries around the world. The Bank has a branch network in Russia: about 14 thousand service points. The bank's foreign network consists of subsidiaries, branches and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China and other countries.
ICPAO Yandex is a Russian IT company. Its ecosystem includes more than 90 B2C and B2B services in such areas as information search (Search, Browser, Maps), advertising and business services (Yandex. Direct, Yandex.Metrica, Yandex Cloud, Mail, Disk), taxi ordering, carsharing and scooter rental, food delivery (Shop, Food), e-commerce (Market), education (Workshop, Academy, Textbook).
