In June 2023, the cofounder of “Russia's Google” landed on the EU sanctions list. Now, he’s free to build again.
Arkady Volozh, the billionaire cofounder of Russia's biggest internet company, was removed from the EU sanctions list today, clearing the way for his return to the world of international tech. On Tuesday a spokesperson for the European Council confirmed to WIRED that the Yandex cofounder was among three people whose sanctions were lifted this week. Volozh, 60, was initially included on the EU sanctions list in June 2023, following Russia’s full-scale invasion of Ukraine in February 2022.
And Yandex Go for hailing a ride. Although Volozh stepped down as CEO in June 2023, he continues to hold an 8.5 percent economic interest in Yandex’s Dutch parent company, Yandex NV, through a family trust. Over the past 18 months, Yandex NV has been involved in complex negotiations with the Kremlin, in an attempt to sell its Russian operations while carving out four Europe-based units, which include businesses focused on self-driving cars, cloud computing, data labeling, and education tech.
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