Yandex adviser – Putin confidant joins “Russia’s Google”.

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Alexei Kudrin, a longtime ally of President Vladimir Putin, has announced his move to Russian online company Yandex. “I accepted an offer from Yandex to become a business development consultant,” the 62-year-old former finance minister said on Monday. Observers see this as another step in expanding state control over the internet in Russia.

Yandex is the main Russian online group and notably operates the most widely used search engine in the country. The company recently suffered a loss of personnel due to the military operation in Ukraine. Yandex founder and former CEO Arkady Volosh is also subject to Western sanctions.

Kudrin served as Treasury Secretary for eleven years
Kudrin served as finance minister from 2000 to 2011 and was considered one of the most prominent liberals in the Russian government in the early years under Putin. He was fired in 2011 and occasionally supported opposition protests. Nevertheless, he was later appointed chairman of the parliamentary audit committee.

Kudrin announced his resignation last week. He wants to focus on private sector initiatives with “significant impact on people,” he said. At Yandex, he will work on “the sustainable development of the company in all markets, including international ones,” he said.

Group is currently undergoing major restructuring
Yandex is currently being restructured. Founder Wolosch left the group’s board of directors in June to prevent the company from being hit by Western sanctions as well. Last month, the company said it would review ownership and governance “in light of the current geopolitical environment.” According to these, new industries such as autonomous driving technology or cloud computing could potentially be developed “independently of Russia”.

Observers assume that Kudrin’s arrival is now intended to expand state control over Yandex and ensure that the group and its technologies remain in Russia.

Source: Krone

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