The EU excluded Yandex founder Arkady Volozh from the sanctions list; The changes were published in the official journal of the European Union.
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In addition to Volozh, several other people were excluded from the list, including former vice president of AFK Sistema Sergei Mndoyants.
The decision will come into force “the day after its publication”, that is, March 14.
Reuters sources reported on the EU’s plans to lift sanctions on Volozh in February. According to them, this should have happened after March 15.
- Volozh was placed on the EU sanctions list on June 3, 2022, as part of the sixth sanctions package for “promotion of state media” in pursuit of “Yandex” and indirect financing of the Russian government.
- After this, the founder of Yandex decided to resign from the position of head of the group and from leadership positions in international subsidiaries, and also left the board of directors.
- In December it emerged that Arkady Volozh was trying to get EU sanctions lifted by the courts. Lawyer William July said Volozh no longer has legal control over Yandex.
- On February 5, the Dutch company Yandex NV announced the sale of a Russian company for 475 billion rubles to a consortium of private investors.
Author:
Anastasia Marina
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
