INSUBCONTINENT EXCLUSIVE:
The billionaire founder and CEO of Russian tech giant Yandex has resigned from the company after being targeted by European sanctions in
board of directors, according to a company statement released Friday
1,496 rubles ($23.43) as of 14:07 GMT."The Board continues to function as normal
Yandex has a strong and deep management team that is well placed to take the company to new levels with the ongoing support of the Board,"
executive Elena Bunina.Yandex, which is headquartered in the Netherlands, is the largest Russian search engine, representing over 60% of the
country's internet searches in the fourth quarter of 2021, according to the company.In recent years it has tread a fine line of compromise
with the Kremlin.But following Russia's invasion of Ukraine, Yandex has been accused of suppressing independent news sources in its search
results as the Kremlin clamped down on information relating to the war that clashed with its own narrative
