Yandex News

Arkady Volozh, co-founder of the largest Russian technology firm Yandex, has resigned as CEO after being targeted by EU sanctions over the war in Ukraine. The Moscow-based company, which has its business address in Amsterdam, announced on Friday June 3 that Volozh has stepped down as executive director and CEO, and will hand his voting powers to the board. The move came after the EU sanctioned Volozh for “materially or financially” supporting Russia, which invaded Ukraine in February. … Source link

Arkady Volozh, Yandex’s CEO and executive director, resigned from his position, the company announced today. The European Union imposed sanctions on Volozh personally. Yandex has not been sanctioned by the EU, U.S., or UK. Volozh had a 45.3% voting and 8.6% economic interest in Yandex. Why we care. Yandex is generally regarded as Russia’s Google, even though Yandex pre-dates Google (Yandex launched in 1997). Yandex’s share of the Russian search market is estimated to be at 48%, behind… Source link

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 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

© 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