Billionaire Arkady Volozh has received official confirmation of the termination of his Russian citizenship two years after selling his stake in the Russian search engine. The businessman, who has long resided in Israel, decided to completely sever legal ties with the aggressor country to focus on the development of his new international project – the Dutch company Nebius Group NV. This was reported by Bloomberg, writes UNN.
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This step was a logical continuation of Volozh's distancing from Russian assets, which began after the EU imposed sanctions against him for Yandex's role in promoting state propaganda.
Volozh resigned as CEO of Yandex in June 2022, immediately after being included in the EU sanctions lists due to Russia's full-scale invasion of Ukraine. At that time, European regulators directly accused the company of disinformation and manipulating search results in favor of the Kremlin.
The renunciation of his passport was the final stage in the transformation of the businessman, who has held Israeli citizenship for over a decade and is trying to clear his reputation on the international stage after the suspension of trading in his former company's shares on the Nasdaq exchange.
The trend of large capital renouncing Russian passports
62-year-old Arkady Volozh became another representative of big business who publicly renounced Russian citizenship after 2022. Earlier, similar steps were taken by influential figures such as DST Global founder Yuri Milner and Tinkoff Bank founder Oleg Tinkov.
Sanctioned Russian billionaire Potanin bought a minority stake in Yandex28.05.25, 09:35