Benzinga | Oct 25, 2021 06:46AM EDT

Yandex Initiates Robotic Parcel Delivery For Russian Post: Bloomberg

* Russian internet search company Yandex NV (NASDAQ:YNDX) has begun delivering parcels for mail company Russian Post using robots, Bloomberg reports.

* Yandex's self-driving unit has introduced a pilot program that allows people to select robot delivery from 27 post offices around Moscow.

* Yandex already has 50 suitcase-sized robots delivering food for GrubHub Inc (NASDAQ:GRUB) at Ohio State University and operates fleets at a handful of locations in Russia. In August, it announced acquiring Uber Technologies' (NYSE:UBER) share in their self-driving venture.

* Russia is the largest country globally, and the use of robots or drones could be a cost-effective way to offer services in remote or sparsely populated areas.

* Price Action: YNDX shares closed lower by 0.45% at $75.70 on Friday.