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Six months earlier, the purchase of Yandex s Russia-based businesses, which generate more than 95% of revenue, by Russian investors looked in peril when the company s co-founder Arkady Volozh called the invasion of Ukraine "barbaric". With the Kremlin highly sensitive to criticism of what it calls a "special military operation", some on the Russian side of talks wanted to leave Volozh and Yandex NV with nothing, according to four sources familiar with the matter.

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