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The Independent UK
The Independent UK
National
Molly Quell

'Hiccup!' Spirits low after vodka brand auction runs dry

Copyright 2022 The Associated Press. All rights reserved

Shareholders of dismantled Russian oil company Yukos were low in spirits Tuesday after the top bid in an auction of several iconic vodka brands came up short.

Financial holding company GML, which was the majority shareholder in Yukos before the Kremlin dismantled the energy giant in 2003, was hoping to sell the rights to Russian vodka brands Stolichnaya and Moskovskaya.

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