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Europe Lifts Sanctions On Yandex Cofounder Arkady Volozh
An anonymous reader quotes a report from Wired: Arkady Volozh, the billionaire cofounder of Russia's biggest internet company, was removed from the EU sanctions list today, clearing the way for his return to the world of international tech. On Tuesday a spokesperson for the European Council confirme...
An anonymous reader quotes a report from Wired: Arkady Volozh, the billionaire cofounder of Russia's biggest internet company, was removed from the EU sanctions list today, clearing the way for his return to the world of international tech. "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. "Over the past 18 months, [Dutch-based Yandex NV] has been involved in 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 labeling, and education tech," reports Wired.
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