Amsterdam court refused to evict squatters from the house of Yandex co-founder Arkady Volozh

12:37, November 17, 2022Source: Regional Court Amsterdam

A court in the Netherlands has dismissed a claim by Arkady Volozh, co-founder and former CEO of Yandex, to evict squatters from his home in Amsterdam.

According to the case file, the court ruled that, due to the sanctions imposed against Volozh, he had no legal grounds to leave his property empty, therefore there was no need to immediately evict the squatters.

The judge also noted that the renovation of the house, which began in 2020, upon completion of the work will lead to an increase in the value of real estate, which, in turn, will lead to an increase in the capital of the entrepreneur – this is unacceptable in terms of the sanctions imposed against him.

In addition, the judge agreed with the squatters, who claimed that Volozh plans to rent out this house for profit, which is also prohibited by the sanctions. The statement of the entrepreneur’s lawyer that Volozh intended to use the house for personal purposes during his trips to the Netherlands, the judge considered unconvincing.

The European Union imposed sanctions against Arkady Volozh in early June 2022, accusing him of providing material and financial support to the Russian government. Also, the EU magazine notes Yandex’s responsibility for promoting state-owned media in search results and removing criticism of the Kremlin, including regarding Russian aggression in Ukraine.

Squatters seized Arkady Volozh’s house at the end of October. According to them, they did this in support of “Ukrainian and Russian anarchists.”

(C)MEDUZA 2022

3 comments

  1. I think the title make it seems like it ruled to the benefit of the owner.
    It did against, as the whole purpose of the place was to sell it or to rent it to someone.

    Now it has no benefit to the owner.

    Liked by 1 person

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