Ukraine Seizes Assets Of Russia's Tatneft Oil Giant

Ukraine has seized assets belonging to Russia's Tatneft oil giant that are in Ukraine along with the assets of companies linked to it.

The State Bureau of Investigations (DBR) said in a Telegram statement on May 31 that all assets of Tatneft and companies linked financially to it had been seized.

The companies were founded by Tatneft, which the DBR said supplies oil products for the needs of the Russian Ministry of Defense.

"In all, 115 real estate objects have been impounded, including oil depots, gasoline stations, nonresidential buildings, land plots, and 118 fuel trucks and vehicles," the DBR said, adding that the seized property may be worth as much as 2 billion hryvnyas ($67 million).

The statement also said that the seized assets will be transferred to the National Agency for the Detection, Investigation, and Management of Assets Obtained through Corruption and Other Crimes, which will decide on how to manage them.

The DBR statement comes as Russia continues its unprovoked invasion of Ukraine that it launched on February 24.

Tatneft, headquartered in Almetyevsk in the Tatarstan region, is Russia's fifth-largest oil company.