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Auction Dismantles Russian Oil Giant Yukos

NPR | By Renee Montagne
Published December 20, 2004 at 12:00 AM EST

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.

Copyright 2004 NPR
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Renee Montagne
Renee Montagne, one of the best-known names in public radio, is a special correspondent and host for NPR News.