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Auction Dismantles Russian Oil Giant Yukos

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Auction Dismantles Russian Oil Giant Yukos

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Auction Dismantles Russian Oil Giant Yukos

Auction Dismantles Russian Oil Giant Yukos

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  • <iframe src="https://www.npr.org/player/embed/4235927/4235928" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

At an auction in Moscow, a little-known investment group purchases oil producer Yukos' largest subsidiary for $9.3 billion, about half its value. The Russian government says Yukos owes $28 billion in back taxes. Hear NPR's Renee Montagne and Natalie Nougarede of Le Monde.