INSUBCONTINENT EXCLUSIVE:
The co-founder of Yandex, Arkady Volozh, announced on Friday that he was leaving the Russian tech giant, attending to a goodbye letter to
the firms workers, in which he explained Yandex as the task of my life and the plan to restructure the business as affordable and needed
Volozh, whose fortune was estimated by Forbes at $2.3 billion in 2021, stepped down as Yandexs CEO in June, after he was consisted of in the
EUs sixth bundle of economic sanctions versus Russia
As you know, I have actually not managed Russian Yandex for a very long time, and this year I needed to leave all positions in the company,
Volozh stated in his goodbye letter, released by Russian news outlet RBC
Yandex, which runs Russias most popular taxi and food delivery apps, in addition to its greatest online search engine and a popular web
browser, has actually now been divided into 2 new companies, one managing its operations in Russia, and a 2nd based in Amsterdam that will
focus on developing brand-new innovations for a worldwide market
The company has reportedly remained in turmoil given that the intrusion of Ukraine on Feb
24 led to a boardroom split, which was the driving force behind the eventual decision to restructure the business, independent Russian news
website The Bell reported.Volozh agreed to the department of the businesss properties with the former head of the Russian Audit Chamber and
close Putin ally Alexei Kudrin
Kudrin then talked about the proposed division of Yandex and his own relocate to take control of the companys Russian operations with
President Vladimir Putin in late November.Under the arrangement, Volozh retains copyright rights for different Yandex unmanned and cloud
innovations and will be able to develop them abroad separately of Yandex
Thank you to everyone who has constructed and is constructing the very best technology company in the country, Volozh wrote in his
psychological farewell letter, including: May the new year bring peace to all
