Speaking about his work at Yandex, Volozh said that the company's

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According to the businessman, in February 2022, the world changed and he realized that his "story with Yandex was over." Volozh said that "there were many reasons why he had to remain silent."

Yandex co-founder jamaica whatsapp resource Arkady Volozh spoke out against the Russian military operation in Ukraine, according to a statement he sent to journalists.

"There were many reasons why I had to remain silent. One can argue about the timeliness of my statement, but not about its essence. I am against war," he said.

The businessman said he had been asked many questions about his views over the past year, "and especially many this week." "I would like to clarify my position. It is important for me to be heard by all sides," he said.

Volozh stressed that he has friends and relatives living in Ukraine and that he is "horrified." "Despite the fact that I have not lived in Russia since 2014, I understand that I bear some responsibility for the country's actions," he said.

According to Volozh, he moved to Israel in 2014 and has been developing Yandex's international projects since then. "In February 2022, the world changed, and I realized that my story with Yandex was over," he said.

founders thought not only about technology and business, but believed that they were "building a new Russia" - "open, progressive, integrated into the global economy." Over time, he said, the pressure on the company increased, but the team tried and "did everything possible, despite the external conditions." "Was it always possible to find the right balance? Now, looking back, it is clear that something could have been done differently," he said.

Now, Volozh said, he is supporting Russian engineers who have decided to leave the country and "can start doing something new in the most advanced areas of technology."

On June 3, 2022, Arkady Volozh was sanctioned by the European Union. On the same day, Yandex announced that he would leave the position of CEO of the group of companies, the board of directors, and leave management positions in international subsidiaries. At the end of December, the businessman wrote a letter to employees about leaving Yandex. The company then clarified to RBC that after leaving management positions, the entrepreneur worked as an external consultant for some time.

Last November, Dutch Yandex NV announced a plan to split the company into Russian and international parts. As RBC sources noted, the deal assumed that Volozh would cede control over the Russian part of the business in exchange for the right to develop intellectual property abroad in the field of unmanned, cloud, educational technologies, and data labeling. At the same time, new investors could become the owners of more than 50% of the Russian Yandex.

As Bloomberg reported with reference to its sources, billionaires Vladimir Potanin and Vagit Alekperov expressed interest in purchasing a controlling stake in the Russian business. VTB CEO Andrey Kostin also expressed interest in purchasing a share in the consortium. In early June, he said that the value of the entire company within the framework of the deal was estimated at $7 billion.

Later, Kostin said that the terms of the deal to sell Yandex's Russian business were unfair and needed to be torpedoed. He suggested that it be carried out using a transfer-under-management scheme similar to the Russian business of the Finnish energy concern Fortum. In his opinion, the transfer of Yandex's business may not necessarily be carried out to Rosimushchestvo. "There are good teams of professionals, for example, at Rostelecom," he says.