EU Lifts Sanctions on Yandex Co-Founder Volozh

The European Union has removed sanctions that were placed on Russian tech billionaire Arkady Volozh after Moscow launched its full-scale invasion of Ukraine, according to a document published on Wednesday.

Volozh, who co-founded the Russian tech giant Yandex, announced his resignation as CEO of the company in mid-2022 after being targeted by EU sanctions.

In August, his lawyers petitioned the EU for sanctions relief when he became one of the few members of the Russian elite to criticize the war.

“I understand that I also share responsibility for [my] country’s actions,” Volozh said at the time.

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