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.
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