Yandex co-founder decided to change control over the company for the opportunity to work abroad.

Thanks to this, Volozh will be able to independently develop some businesses abroad, independently of Yandex. Negotiations are ongoing.

Bell states that Arkady Volozh has long dreamed of turning Yandex into an international company. therefore, some projects such as drones were initially developed in Western markets. Volozh wanted to expand the company’s cloud services abroad as well. The co-founder of Yandex now lives in Israel.

It is stated that the negotiations are currently discussing how the development teams will be divided, under what conditions the rights will be transferred, and who will continue to control Russian Yandex.