Back أركادي فولوز Arabic اركادى ڤولوزه ARZ Аркадий Волож Bulgarian Arkadi Jurjewitsch Wolosch German Arkadij Voloĵ Esperanto Arkady Volozh Spanish آرکادی وولوژ Persian Arkadi Voloj French ארקדי וולוז' HE Արկադի Վոլոժ Armenian
Arkady Volozh | |
|---|---|
Аркадий Волож | |
 | |
| Born | 11 February 1964 |
| Citizenship | Russian, Maltese, Israeli |
| Alma mater | Gubkin Russian State University of Oil and Gas |
| Occupation | Entrepreneur |
| Known for | Principal founder and former CEO of Yandex |
| Spouse | Married |
| Children | 6 |
Arkady Yuryevich Volozh (Russian: Аркадий Юрьевич Волож; born 11 February 1964) is a Russian businessman, technology entrepreneur, computer scientist, investor and philanthropist.[1][2][3][4][5] He pioneered the development of search and navigation technology as well as intelligent products and services powered by machine learning. Volozh co-founded several IT enterprises, including CompTek, Arkadia, InfiNet and Yandex.
In June 2022, after the Russian invasion of Ukraine, the EU imposed sanctions against Volozh and he resigned from all his positions at Yandex.[1] The reasons cited by the EU for sanctioning Volozh were him being a 'leading businessperson involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation', 'Russian State-owned banks such as Sberbank and VTB are shareholders and investors in Yandex' and the Russian Federation having a veto over the 'sale of material IP and the sale or transfer of Russian users’ personal data to foreign companies', and the search engine was accused of promoting propaganda.[6] These reasons were called 'poor and dubious' by Anders Åslund and Gerhard Mangott commented that 'It is hard to understand what Volozh is being accused of.[7] Yandex argued that it had no choice but to follow Russia’s strict censorship laws, and the company sold its news service soon after the invasion.[8] In contrast to the EU, the US and the UK never sanctioned Volozh. In March 2024, Volozh was removed from the EU sanctions list.[9][10] In July 2024, the holding company that he leads, Nebius Group, sold all of its interest in Yandex for a fraction of its original value and severed all of its ties with Russia.[11]
Following the Russian annexation of the Crimea in 2014, Volozh moved to Tel Aviv with his family.
As of January 2025, he has a net worth of $1.5 billion, according to Forbes.[12]
- ^ a b "The Internet Pioneer Brought Low as Kremlin Ally by EU Sanctions". Bloomberg.com. 6 June 2022. Retrieved 7 August 2023.
- ^ Hogg, Ryan. "Russian tech billionaire wants sanctions lifted after he criticized Ukraine invasion, report says". Business Insider. Retrieved 22 July 2024.
- ^ Goodyear, Sheena. "Judge says squatters can stay in Russian oligarch's Amsterdam mansion". www.cbc.ca.
- ^ Starobin, Paul. "Is Russia's Largest Tech Company Too Big to Fail?". Wired. ISSN 1059-1028. Retrieved 22 July 2024.
In short, he's the opposite of the stereotypically boastful, political knife-fighting Russian oligarch.
- ^ Jankowicz, Mia. "Squatters who took over a sanctioned Russian oligarch's mansion are told by judge they can stay". Business Insider. Retrieved 22 July 2024.
- ^ "COUNCIL IMPLEMENTING REGULATION (EU) 2022/876 of 3 June 2022". Official Journal of the European Union. 22 June 2022.
- ^ "Does Billionaire Arkady Volozh Really Belong on the EU Sanctions List?". Spiegel. 24 February 2024.
- ^ "E.U. Removes Russian Tech Tycoon From Sanctions List". New York Times. 12 March 2024.
- ^ Meaker, Morgan (12 March 2024). "Europe Lifts Sanctions on Yandex Cofounder Arkady Volozh". Wired. ISSN 1059-1028.
- ^ Baczynska, Gabriela; Payne, Julia (22 February 2024). "EU to lift sanctions slapped on two Russians, one Slovak over Ukraine war, diplomats say". Reuters.
- ^ "Yandex NV renamed Nebius Group after Russia split". Reuters. 16 August 2024.
- ^ "Arkady Volozh". Forbes.
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search