INSUBCONTINENT EXCLUSIVE:
The Russian government has lowered the payout offered in the restructuring of tech giant Yandex following anti-war statements made by the
Russia's tech sector, to split into two new companies, with one overseeing its operations in Russia and a second Amsterdam-based firm that
will focus on new technologies for the international market.The Dutch-registered entity Yandex N.V
hopes to sell its stakes in the main revenue-generating business in Russia, but no clear buyers have emerged, and the deal must ultimately
close to the Russian government and the state commission confirmed the revised terms of Yandex's partition.Neither Volozh, Yandex nor the
Russian government have commented on either of the two reports.Volozh, who has lived in Israel since the annexation of Crimea in 2014,
resigned as Yandex CEO last year after coming under EU sanctions
Brussels last month extended the sanctions against him despite his legal efforts to have them lifted.
