[unable to retrieve full-text content]UPDATE 1-Yandex co-founder Volozh slams Russia’s ‘barbaric’ invasion of Ukraine Yahoo Finance Source link
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(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
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(Adds detail) MOSCOW, June 3 (Reuters) – Russian internet group Yandex on Thursday signed an agreement with state-owned VTB Bank and other partners to produce servers in an effort to tap into Russia’s growing market for server hardware, the company said. Often described as Russia’s Google, Yandex offers a raft of services, from advertising and search to ride-hailing and food delivery. On Monday Yandex bought a fashion retailer to expand its e-commerce activities. Yandex said it would set up a… Source link
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