Arkady Volozh
Owns 2 assets total cost ₴164.56 million
Information
A Russian businessman, cofounder and director general of Yandex.
He is number 64 on the Russian Forbes 2021 list.
Russian state-owned banks such as Sberbank and VTB are shareholders and investors of Yandex. In 2019, Yandex agreed to restructuring which provided “a golden share” to a newly-created Fund for Public Interests intended to “protect interests of the Russian Federation.” Through the Fund for Public Interests, the government of the Russian Federation enjoys a veto right in regard to a certain list of issues such as sale of substantial intellectual property and sale or transfer of personal data of Russian users to foreign companies. Yandex also bears responsibility for promotion of state mass media and narratives in search results as well as undermining rating and deletion of information which criticizes the Kremlin, for example, content connected with the war of Russia against Ukraine.
