Shared mobility markets in Russia could grow by over 50% in the next five years, meaning good news for services provided by U.S.-listed Russian tech giant Yandex, JP Morgan said in a recent note.

Ride-hailing and car-sharing markets could reach about 1.4 trillion rubles in 2026 from about 0.9 trillion rubles in 2021 ($19 billion and $12 billion, respectively, at the current exchange rate). And that’s only a small portion of the total addressable transportation market in Russia, “representing a huge growth opportunity for the shared mobility industry,” according to the note.