Negotiations on the Yandex Relocation

Bloomberg sources said talks are underway to relocate Yandex from its corporate base in the Netherlands. There have been no offers to change ownership of the company yet.

However, if necessary, Arkady Volozh is ready to give up his stake in Yandex in exchange for retaining his intellectual property rights. It would help develop business overseas, including drones and cloud technology, which could be handled by 10 percent of Yandex's employees based abroad.

After the sanctions were imposed, Arkady Volozh decided to leave the board of directors and the post of Yandex Group CEO. It was later reported that Yandex may relocate to Israel.

Yandex May Relocate Self-Driving Cars R&D to Israel

Yandex plans to transfer the development of self-driving taxis and delivery robots to Israel.

Durov's CodeArtem Andryanov