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Yandex CEO Volozh resigns after EU sanctions

06/03/2022

Less than a minute

2022.06.03 17:11

Yandex CEO Volozh resigns after EU sanctions
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:YNDX) 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 board, Yandex said, adding that it believes that “the new developments will affect the company’s operations, its financial position or its relations with partners.”

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06/03/2022

Less than a minute