Khudaverdyan will leave the board of directors of Yandex NV due to sanctions

Tigran Khudaverdyan will leave the board of directors and the post of deputy CEO of Yandex NV after being included in the EU sanctions list, Yandex said in a statement. He will also leave his positions in the company's Dutch subsidiaries.

“We are extremely surprised that Tigran was included in the EU sanctions list, and we are very sorry that he can no longer be on the board of directors and be Deputy General Director of Yandex NV Tigran has been with the company for more than 15 years and has put a lot of effort into Yandex has developed as a world-class technology company, taking into account the interests of users, partners, employees and shareholders," John Boyton, Chairman of the Board of Directors of Yandex NV, is quoted in the message.

Khudaverdyan is the managing director of the Yandex group of companies. Earlier Tuesday, he was also appointed CEO of the company in RUSSIA. He was supposed to replace Elena Bunina, who occupied this post.

The message of "Yandex", published on Wednesday, says that while Bunina will act as CEO of Yandex LLC until April 15.