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Alexey Kudrin to leave Chairman of Accounts Chamber position, Senate receives Putin’s notice

Russia’s Senate, the upper house of the parliament, has received a notice from the country’s president Putin that Alexey Kudrin would like to leave the position of Chairman of the Accounts Chamber, RIA Novosti reports.

The Senate will now consider this issue. Anatoly Artamonov, Chairman of the Budget Committee, said yesterday that this could happen at the Wednesday plenary session. He also noted that no new candidates for the post were presented to the president by the committee.

Kudrin has confirmed his resignation on Telegram.

“I have spent around 25 years in the state sector overall. Now I would like to focus on working for big projects in the private sector that have a significant effect for the people,” he wrote.

Earlier, Meduza said that Kudrin asked Vladimir Putin to be transferred to a position at Yandex during a meeting on 15 September.

The Bell recently wrote, citing sources, that Kudrin and Vladimir Putin had agreed on a scheme for dividing Yandex’s assets. Kudrin will be in charge of a new management structure in the company, which will also include the current management.

After the reorganisation, Kudrin, as well as certain managers who have decided to stay in Russia, will be granted decision-making privileges. Kudrin will also receive about 5% of the shares of the parent company, sources tell The Bell. Arkady Volozh, the founder of Yandex, will receive licences to develop drones, cloud services, Yandex.Practicum and Toloka abroad.

Yandex has officially confirmed that a restructuring is planned.

According to The Bell, after the outbreak of a full-scale war in Ukraine, the founder of Yandex turned to Kudrin for help in agreeing a deal in the Kremlin.

Kudrin promised the Kremlin that Yandex would not go abroad, The Bell says, and promised the company itself that it “would not turn into another Rostec or Rostelecom.”

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