Most popular
watch us on facebook
Edit post
Investigators expose $1 billion embezzlement scheme at Ukrnafta, Ukrtatnafta.
February 1, 2023 10:12 PM
1 min read
This audio is created with AI assistance
The Economic Security Bureau said on Feb. 1 that it had exposed an alleged $1 billion embezzlement scheme at oil companies Ukrnafta and Ukrtatnafta, which were previously affiliated with oligarch Ihor Kolomoisky.
The bureau said the scheme was organized by the "previous management" of the companies. Kolomosiky used to control the management of the two companies.
Earlier on Feb. 1, the Security Service of Ukraine (SBU) and the Economic Security Bureau raided Kolomoisky’s house in the city of Dnipro.
Until 2022, about 42% of Ukrnafta belonged to companies associated with Kolomoisky, and the state owned the rest.
Ukrnafta is the country’s largest oil producer, while Ukrtatnafta is a refining company.
Investigators search Kolomoisky, Avakov, incumbent top officials in unprecedented raid


The Kyiv Independent news desk
We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.
Editors' Picks

Timothy Snyder: If you want peace, Crimea has to be a part of Ukraine

New brigade bears heavy brunt of Russia’s onslaught in Kharkiv Oblast

Inching forward in Bakhmut counteroffensive, Ukraine’s hardened units look ahead to long, grim war
