Arkady Volozh, the co-founder of Yandex, the second-largest search engine in Russia after Google, has left.

(Reuters)

[Financial Channel/Comprehensive Report] Arkady Volozh, the co-founder of Yandex, known as "Russia's Google", told employees on Friday (30th) that he will bid farewell to the company completely, and employees may see many of the company's core services change hands .

According to comprehensive media reports, after the European Union included Volozh in the sanctions list in June, Volozh announced his resignation as CEO and left the board of directors. In addition, its Dutch parent company Yandex NV also announced company restructuring on November 25, saying that it would withdraw certain services from the Russian market. And sold control of Russia's Yandex Group.

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Volozh said: "As you all know, I haven't really been involved in Yandex's Russian business for a while, but this year I had to leave the company completely. Everything that happened in the past few months, I realized that I never said goodbye, The new year is the right opportunity to address this issue."

It is reported that Yandex is the leading search engine in Russia.

According to GlobalStats data, Yandex's global market share is only 1.05%, but it is as high as 48.3% in Russia, only less than 1% behind Google.

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