Yandex Head Quits After Surprise EU Sanctions

INSUBCONTINENT EXCLUSIVE:
Ukraine.Brussels hit Yandex executive director and deputy CEO Tigran Khudaverdyan with an asset freeze and travel ban earlier in the day,
Its sprawling business empire also covers taxi services, e-commerce, fast food delivery, online education and a host of other
launched a harsh crackdown on independent news sources since it invaded Ukraine, including a new law which could punish journalists with 15
results and of promoting only state media in its online news portal, which is accessed by tens of millions of Russians every day.Following
the imposition of sanctions, Khudaverdyan immediately stepped down from the company, Yandex said in a statement issued late Tuesday
director, Khudaverdyan had been the de facto head of Yandex for a number of years, while founder Arkady Volozh officially remained CEO of
the company.Lev Gershenzon, the former head of Yandex News who was cited by the EU in its official journal, said Yandex continues to be an
and as a result of which, the continuation of the war is possible
Some are quitting
There is international pressure and some are refusing to cooperate [with the company]
U.S.-based Nasdaq stock exchange, was not sanctioned
side without being coopted or taken over by the Russian state
on Khudaverdyan were a surprise and have upended the understanding of what was previously seen as acceptable compromises or the cost of
happening is unbearable
and shout our position