Yandex Parent Company Fully Divests from Russia

INSUBCONTINENT EXCLUSIVE:
The Dutch holding company of Russian tech giant Yandex has closed a deal to sell its remaining stake in Russia, the company said on
is an investment fund called Consortium.First, which includes Russian companies and investment funds that are not under Western sanctions
retain ownership of some internationally focused businesses, including cloud and artificial intelligence technologies as well as
self-driving cars.Bloomberg reported that Yandex co-founder Arkady Volozh, whose European Union sanctions were recently lifted, will be
named CEO of Nebius Group.Yandex, which runs a ubiquitous internet search tool, had long faced pressure from the Kremlin to come under full
Russian ownership