Helsingin Sanomat learned about the freezing of Yandex assets in Finland

Yandex had a taxi service in the country and a data center, which was disconnected from the power supply in the spring. The asset freeze is related to EU sanctions against one of the founders of the company,

Finnish authorities seized local assets of Yandex as part of EU sanctions against its co-founder Arkady Volozh, Helsingin Sanomat writes. The publication notes that this decision is unlikely to have a direct impact on the company's work.

According to the Finnish newspaper, the territory of the Långvik resort belonging to Roman Rotenberg and a stake in Helsinki Halli, 22.5% of which is owned by Gennady Timchenko, were also arrested.

RBC sent a request to Yandex. A spokesman for Rotenberg declined to comment. RBC sent inquiries to Timchenko's representative.

Yandex developed Yango taxi service in Finland. The company also has a data center in Mäntsälä. On April 25, it was disconnected from the main power supply and switched to a diesel generator. The electricity supplier Ilmatar Energy Oy did not name the reasons, but in early March it warned that it would cease cooperation with Yandex Oy if its parent company was included in the sanctions lists. This never happened, but in mid-March, Yandex NV CEO (the parent company of the group) Tigran Khudaverdyan was sanctioned. He subsequently left the position.

Bell found out about the discussion of the division of Yandex assets with Arkady Volozh Business

In the spring, Yandex changed the name of its Finnish subsidiary from Yandex Oy to Global DC Oy.

In June, the European Union imposed sanctions on Volozh, according to Brussels, who is “a high-profile businessman operating in sectors of the economy that provide a significant source of income for the government of the Russian Federation,” and therefore “responsible for supporting actions or policies that undermine or destabilize Ukraine.”

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On the same day, Yandex announced that Volozh would leave the post of CEO of the group of companies, the board of directors and senior positions in international subsidiaries.