The founder of Yandex, Arkady Volozh, will start selling off the company's shares belonging to him and his family trust, RBC reports.

      It is estimated that during 2020 the Volozh family can sell about two million Class A shares - about 0.6% of the share capital.

      In total, the founder of Yandex and his family own 9.9% of Yandex N.V. This equals a 48.6 percent voting share in the company; if all shares are sold out, the trust will have about 47.2% of the voting shares.