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.

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