Finnish media reported on the arrest of local assets of “Yandex”
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Finland’s executive body froze local assets of Yandex in August based on the inclusion of its co-founder Arkady Volozh in the EU sanctions list, the newspaper reports. Helsingin Sanomat with reference to sources. In Finland, there is a subsidiary of Yandex, which is responsible for its data center in the city of Mäntsälä. Yandex refused to comment on the newspaper’s message to Kommersant.
After the start of the Russian military operation in Ukraine, the Finnish subsidiary of Yandex changed name from Yandex Oy to Global DC Oy. In June, Arkady Volozh, who fell under EU sanctions, left the post of CEO of the Yandex group and all other posts in the company, and also transferred the right to vote to the board of directors. The decision of the Finnish authorities, according to Helsingin Sanomat, was based on the fact that Mr. Volozh retains control over the local “daughter” of “Yandex” and over its income. The asset freeze “certainly will not directly affect the operation of the company,” the publication adds.
About the operations of “Yandex” abroad – in the material “Kommersant” “Search bar – Latin America”.
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