VK CEO Vladimir Kiriyenko was among individuals sanctioned by the U.S. Treasury in the wake of Russia’s invasion of Ukraine. He is the son of Sergei Kiriyenko, the first deputy chief of staff of the office of President Vladimir Putin. Avito isn’t the subject of sanctions, Van Dijk said.
Prosus’s update comes as other international firms move to distance themselves from Russia, which has been hit by a wave of sanctions related to the Ukraine war. Oil majors Exxon Mobile Corp., BP Plc and Shell Plc have initiated plans to sever connections with Russian partners, and Apple Inc. and Nike Inc. both said they would halt product sales in the country.
In Ukraine, Prosus is helping employees relocate, either across borders or into the west of the country. The war should have a manageable impact of Prosus’s finances, Van Dijk said.