Arkady Vology may exchange controls in Yandex for the transfer of some of the projects abroad

Arkady Vology may exchange controls in Yandex for the transfer of some of the projects abroad

==History==The founder of Yandex, Arkadiy Vologe, is considering the possibility of exchanging control within the company for the transfer of some of the projects abroad.

According to The Bell, Vology has always sought to make Yandex an international company. So many services were originally designed to target the global market. For example, the company planned to put cloud services on the European market because there was no development in the region, and drones were also being developed for foreign markets.

The Bell sources reported on negotiations to move some of the projects abroad as early as June, when the company was actively dealing with issues with bondholders, but after they were resolved, the discussions intensified. The sources argue that Vologge wants to continue to develop drones, cloud services and Yandex Practice abroad, but the exact list has not yet been determined.

A source close to the company explained that the company was not discussing a strict division between Russian and international business.