The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

Justice Ministry seeks to confiscate Russian oil company Tatneft's assets in Ukraine

by Sonya Bandouil January 28, 2025 5:58 AM 1 min read
A view from Russian oil company Tatneft in Tatarstan, Russia, on June 4, 2023. Photo for illustrative purposes. (Alexander Manzyuk/Anadolu Agency via Getty Images)
This audio is created with AI assistance

The Justice Ministry has requested the Supreme Anti-Corruption Court to confiscate the assets of the Russian oil company Tatneft in Ukraine, Deputy Minister Iryna Bogatyk announced on Jan. 27.

Tatneft is valued at approximately 2 billion hryvnia ($47 million).

The assets targeted for nationalization include corporate rights, gas stations, oil depots, vehicles, and equipment located in the Kharkiv and Poltava Oblasts.

The oil company is Russian state-controlled and significantly contributes to the country's budget.

Tatneft regularly supplies products to enterprises within the Russian military-industrial complex.

“It (Tatneft) is part of the structure of the fuel and energy complex of the Russian Federation and produces about 20 types of products, including aviation kerosene and diesel fuel, which are included in the mandatory list of recommended supply to enterprises of the military-industrial complex of Russia,” Bogatyk wrote on Facebook.

The Ministry of Justice has also filed lawsuits to confiscate the sanctioned assets of three Ukrainians, including properties, vehicles, and corporate shares belonging to Kyrylo Vyshynsky, Oleksandr Kuzmenko, and Vladimir Sergiyenko.

Russia’s oil industry has been critical to the country’s war efforts. Fossil fuel exports remain a major revenue stream for the Kremlin’s military operations.

Russia’s Ryazan oil refinery suspends operations after drone strike, Reuters reports
“The railway loading equipment has been damaged. There have been no railways loadings, they stopped oil processing,” an industry source said.

News Feed

6:04 PM

Chornobyl isn’t safe anymore... again.

Chornobyl disaster occurred in the early hours of April 26, 1986, in Soviet Ukraine. Nearly 39 years after the worst nuclear disaster in history, Russia’s brazen attack on the $2 billion New Safe Confinement (the sarcophagus enclosing the destroyed reactor) in February 2025 poses a new potential radioactive danger as engineers race to repair the damage. The Kyiv Independent’s Kollen Post dives into why the restoration is not as simple as it may seem.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.