Arkady Volozh may return to head the Dutch company Yandex NV

Arkady Volozh and his family members are beneficiaries of 30,786,700 class B shares of Yandex NV. Each share has 10 votes. Each Class A share has only one vote.

As of February 15 of this year, Class B shares represent 45.1% of the voting power and 8.53% of the economic interest of Yandex NV Package, together with the titles of directors, employees and first shareholders who purchased shares before the IPO in New York. in 2011, allows him to control about 51% of Yandex NV votes

In 2019, Arkady Volozh created the LASTAR Trust to manage these “supervoting” shares.

The 2023 report lists Highvern Cayman Limited as a trustee of LASTAR Trust and holder of Class B shares and options on 32,656 Class A shares of Yandex NV, which Volozh and his family also own.

• 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 the courts to lift EU sanctions. 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.
• In March, the European Union decided to remove Volozh from the sanctions list; The restrictions imposed on the entrepreneur were recognized as unjustified from a legal point of view.