**Ukraine Seeks to Confiscate Russian Oil Company’s Assets**
The Justice Ministry in Ukraine has asked the Supreme Anti-Corruption Court to take away the assets of a Russian oil company called Tatneft. This was announced by Deputy Minister Iryna Bogatyk on January 27.
Tatneft is worth around $47 million and has operations in two regions of Ukraine, Kharkiv and Poltava Oblasts. The company’s assets that are being targeted include corporate rights, gas stations, oil depots, vehicles, and equipment.
The oil company is owned by the Russian government and earns a significant amount for Russia each year. Tatneft also supplies fuel to enterprises within the Russian military-industrial complex.
**Why is Ukraine taking this action?**
The Ministry of Justice has filed lawsuits to take away the assets of three Ukrainians who are under sanctions, including properties, vehicles, and shares in companies.
**Russia’s oil industry plays a crucial role**
Russia’s oil industry is important for the country’s war efforts. The government earns a lot of money from exporting fossil fuels, which helps fund military operations.
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