LONDON, March 7 Reuters Two of Russia39;s largest corporate exit deals since Moscow39;s invasion of Ukraine are up for shareholder approval on Thursday, with Russia39;s Google Yandex and major mining assets set to pass to Russian ownership in transactions totalling around 9 billion.

Dutchregistered Yandex NV, struck a 475billionrouble 5.27 billion deal to sell its local subsidiary Russia39;s most valuable technology asset to Russian investors, while precious metals producer Polymetal International is selling its Russian assets to a Siberian gold miner for about 3.7 billion.

Both deals, the result of months of negotiations, are at heavily discounted prices Yandex due to Kremlin demands on foreign asset sales and Polymetal because of sanctions and a small circle of buyers. That said, few other firms have managed to extract as much from Russia.

In pitches to shareholders, Yandex listed seizures of assets owned by Danone and Carlsberg and restrictive laws Moscow has introduced since launching its war in Ukraine, while Polymetal explicitly cited nationalisation risk.

Delaying the exit from the group39;s Russian assets could jeopardise its overall feasibility, Polymetal said.

Shareholders stand to lose out. Yandex, whose shareholders include Fidelity, BlackRock, and Morgan Stanley, was valued at around 30 billion shortly before the war. The deal envisages a market capitalisation of just over 10 billion.

But the agreed deal, taking into account the 50 discount and…