Yandex co-founder Arkady Volozh to be removed from EU Russian sanctions list, sources say

FILE PHOTO: Arkady Volozh, Co-Founder and Chief Executive Officer of Yandex Group of Companies, attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 7, 2019. REUTERS/Maxim Shemetov

BRUSSELS (Reuters) - EU countries have agreed to remove Arkady Volozh, co-founder of Russian internet giant Yandex, from their list of sanctioned entities and individuals relating to Russia's war in Ukraine, three sources familiar with the matter said.

Volozh is one of three individuals who will be removed after March 15 when the sanctions regime is renewed. The EU's regime needs to be discussed and renewed every six months.