Putin Aide Leads Talks on Fate of Russia’s Top Internet Company Yandex – Bloomberg

Bloomberg News

One of President Vladimir Putin’s top Kremlin aides is leading negotiations to decide the fate of Russia’s most popular search engine, whose founder was sanctioned over Yandex NV’s portrayal of the war in Ukraine, according to three people familiar with the talks.

Sergei Kiriyenko, the first deputy head of Putin’s administration, is heading the talks over the public company as Yandex’s founder, Arkady Volozh, has been sidelined due to European Union sanctions, according to the people, who asked not to be identified because the plans are private.

Kremlin spokesman Dmitry Peskov didn’t immediately respond to a request to comment. A spokesperson for Yandex declined to comment.

Yandex, which controls over 60% of the Russian search market and also includes technology services ranging from ride-hailing to e-commerce, has come under intense pressure both in Russia and abroad since Putin’s Feb. 24 invasion of Ukraine. Volozh resigned as the company’s chief executive officer…

Read Full Story: https://www.bloomberg.com/news/articles/2022-08-12/putin-aide-leads-talks-on-fate-of-russia-s-top-internet-company

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