Tag Archives: sanctions

The former head of Russia’s top tech firm Yandex Tigran Khudaverdyan has challenged sanctions against him over the Ukraine war in a European Union court. Khudaverdyan filed a lawsuit on June 7 demanding the European Council lift its “discriminatory and disproportionate” sanctions against him. The lawsuit was first reported by TV channel RTVI on Monday evening.  Khudaverdyan quit as Yandex executive director and deputy CEO in March after being hit with an EU asset freeze and… Source link

A view of the main lobby of building BV200, during a tour of Google’s new Bay View Campus in Mountain View, California, U.S. May 16, 2022. Picture taken May 16, 2022. REUTERS/Peter DaSilva Register now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Google’s lawyers at Quinn Emanuel raise questions about veteran litigator David Boies’ role in case and his $1,950 rate California court in May said plaintiffs can recoup some fees for litigation-related… Source link

(Bloomberg) — China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components. Most Read from Bloomberg Nineteen of the world’s 20 fastest-growing chip industry firms over the past four quarters, on average, hail from the world’s No. 2 economy, according to data compiled by Bloomberg. That compared with just 8 at the same point last year. Those China-based… Source link

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(Bloomberg) — European Union sanctions on the founder and former head of Russia’s most popular Internet search engine show how an increasing number of Russian businessmen are facing measures that aim to punish the Kremlin for the invasion of Ukraine. Most Read from Bloomberg Arkady Volozh promptly resigned from the board and as chief executive officer of Yandex NV after being sanctioned on Friday by the bloc, which said the company omitted content critical of the Russian government from its… Source link

Arkady Volozh, CEO and co-founder of Russian tech giant Yandex, stepped down on Friday. His resignation came after the EU imposed sanctions on him. Volozh is the fourth member of Yandex’s board to step down so far this year. … Source link

Yandex’s CEO Arkady Volozh (left) speaking to Russian President Vladimir Putin (right) in 2017.Mikhail Svetlov/Getty Arkady Volozh, CEO and co-founder of Russian tech giant Yandex, stepped down on Friday. His resignation came after the EU imposed sanctions on him. Volozh is the fourth member of Yandex’s board to step down so far this year. Arkady Volozh, cofounder of Russian tech giant Yandex, has resigned as CEO and executive director of the company after the EU sanctioned him personally. The… Source link

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Arkady Volozh, CEO of Russia’s biggest internet company Yandex, has resigned after being added to the European Union’s list of individuals sanctioned as part of its response to the illegal invasion of Ukraine. Yandex is an analogue of Google, having started as a search engine and then added numerous productivity, cloud, and social services. The company has since expanded into ride-sharing and e-commerce. The European Union (EU) last Friday named Volozh and many others as part of its… Source link

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