Russian tech giant VK announced Thursday plans to sell 100% of RuStore, the country’s state-backed app marketplace, to the CEO of the company that develops the platform.

The listings include the company VK, which owns the social media website VKontakte, its daughter company Communication Platform LLC, which developed Max, and the latter's head,…

Russian tech giant VK announced Thursday plans to sell 100% of RuStore, the country’s state-backed app marketplace, to the CEO of the company that develops the platform.