The EU may lift sanctions against Yandex founder Volozh – Kommersant

The EU may lift sanctions against Yandex founder Volozh – Kommersant



Founder and former CEO of Yandex (MOEX: YNDX) Arkady Volozh will be excluded from the anti-Russian sanctions of the European Union, sources from Reuters and STT agencies reported. Allegedly, a total of three people will be removed from the list after March 15.

Mr. Volozh was added to the anti-Russian sanctions list in the summer of 2022. He achieves reversal of the decision in the European Court. In December 2022, the businessman resigned as CEO of Yandex. Subsequently he declared, who opposes military actions in Ukraine, and noted that he has been living in Israel since 2014. Russian President Vladimir Putin tied up Mr. Volozh’s statement with a desire to maintain business abroad.

On February 5, the Dutch Yandex NV announced the sale of its Russian business for 475 billion rubles. consortium of Russian investors. The FMP management company will buy 35% of Yandex's Russian assets. As a result of the transaction, Yandex will retain the services and assets of Yandex NV, excluding foreign startups Nebius, Toloka, Avride and TripleTen and a data center in Finland.

About the progress of the transaction - in the material "Kommersant" "Stock Finder".

Leonid Uvarchev



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