The billionaire founder and CEO of Russian tech giant Yandex has resigned from the company after being targeted by European sanctions in response to Moscow’s invasion of Ukraine.  The European Union included Arkady Volozh in its latest package of sanctions on Russia on Friday, citing his company’s role in “promoting state media and narratives in its search results” and removing “content related to Russia’s war of aggression against Ukraine.” Volozh, 58, will resign from… Source link

The Russian rouble firmed past 62 to the dollar in Moscow trade on Friday while shares in internet giant Yandex fell sharply after EU countries imposed new sanctions against Russia. EU countries have agreed their sixth package of sanctions against Russia over what it calls a “special military operation” in Ukraine, including an import ban on all Russian seaborne crude oil and petroleum products in six to eight months. The rouble firmed despite the negative… Source link

(Adds detail, market reaction) June 3 (Reuters) – Russian internet giant Yandex said on Friday that Arkady Volozh had stepped down as CEO and left the board of directors after the European Union included him on its latest list of sanctions against Russian entities and individuals. Volozh, who co-founded the Yandex search engine in 1997, was put under EU sanctions on Friday after the bloc accused him of “materially or financially” supporting Russia, which sent tens of thousands of troops into… Source link

(Adds detail, updates prices) June 3 (Reuters) – The Russian rouble firmed past 62 to the dollar in Moscow trade on Friday while shares in internet giant Yandex fell sharply after EU countries imposed new sanctions against Russia. EU countries have agreed their sixth package of sanctions against Russia over what it calls a “special military operation” in Ukraine, including an import ban on all Russian seaborne crude oil and petroleum products in six to eight months. The rouble firmed despite… Source link

Woman holds Russian Roubles in front of U.S. Dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register June 3 (Reuters) – The Russian rouble firmed past 62 to the dollar in Moscow trade on Friday while shares in internet giant Yandex (YNDX.O) fell sharply after EU countries imposed new sanctions against Russia. EU countries have agreed their sixth package of sanctions against Russia over what it calls… Source link

(Bloomberg) — Mark Spitznagel is paid to be prepared for when the market’s weakest links are exposed in a big way. Most Read from Bloomberg Right now, the Universa Investments founder, whose fund aims to protect clients during black swan events, says the financial system is most vulnerable to “the greatest credit bubble of human history.” “If this credit bubble ever pops, it’s going to be the most catastrophic market failure that anyone has ever read about — but let’s hope that… Source link

© Reuters. FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov (Reuters) -Russian internet giant Yandex (NASDAQ:) said on Friday that Arkady Volozh had stepped down as CEO and left the board of directors after the European Union included him on its latest list of sanctions against Russian entities and individuals. Volozh, who co-founded the Yandex search engine in 1997, was put… Source link

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov Register now for FREE unlimited access to Reuters.com Register June 3 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Friday Arkady Volozh has stepped down as CEO and left the board of directors after the European Union had included him on its latest list of sanctions against Russian entities. Volozh has transferred his voting power to the… Source link

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 3, 2022 / Yandex N.V., a Dutch public limited company and one of Europe’s largest internet businesses,today announces that Arkady Volozh, the company’s co-founder, has stepped down with immediate effect from his positionёs as Executive Director and Chief Executive Officer of Yandex N.V. and from his board and executive positions with its international subsidiaries. The European Union has imposed sanctions on Mr. Volozh personally…. Source link

Arkady Volozh resigns as Executive Director and CEO of Yandex N.V. and transfers his voting power to the Board   Moscow–Amsterdam, June 3, 2022— Yandex N.V., a Dutch public limited company and one of Europe’s largest internet businesses, today announces that Arkady Volozh, the company’s co-founder, has stepped down with immediate effect from his positionёs as Executive Director and Chief Executive Officer of Yandex N.V. and from his board and executive positions with its… Source link