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Europe Lifts Sanctions on Yandex Cofounder Arkady Volozh
In June 2023, the cofounder of “Russia's Google” landed on the EU sanctions list. Now, he's free to build again.
“Volozh is a leading businessperson involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation,” the bloc said last year to justify its decision. Three months later, Volozh, who has been living in Israel since 2014, became one of the few prolific Russian businessmen to speak out against the Kremlin’s actions in Ukraine, describing the war as “barbaric.” “I am horrified about the fate of people in Ukraine—many of them my personal friends and relatives—whose houses are being bombed every day,” he said in a statement in August. Over the past 18 months, Yandex NV has been involved in the complex negotiations with the Kremlin, in an attempt to sell its Russian operations while carving out four Europe-based units, which include businesses focused on self-driving cars, cloud computing, data labelling and education tech.
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