(Bloomberg) Yandex NV has extended through April the timeframe for completing the first stage of a $5.2 billion deal to sell its Russian business, the Dutch-based company said in a statement. Most Read from BloombergTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseApple Plans New iPad Pro for May as Production Ramps Up OverseasUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceDubai Is Losing
The European Union has removed sanctions that were placed on Russian tech billionaire Arkady Volozh after Moscow launched its full-scale invasion of Ukraine, according to a document published on Wednesday. Volozh, who co-founded the Russian tech giant Yandex, announced his resignation as CEO of the company in mid-2022 after being targeted by EU sanctions.
The EU sanctioned Arkady Volozh in June 2022, arguing that Yandex promotes pro-government narratives and is complicit in Russia's war against Ukraine. Volozh resigned as CEO of Yandex after being sanctioned.