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40 billion hryvnias is approximately $1 billion US dollars.
While Reuters says Kolomoyskyi’s home was raided, does he even still live in Ukraine, since he was stripped of his citizenship? His loss of citizenship was apparently based on having two other citizenships – Israel and Cyprus.

“Ihor Valeriyovych Kolomoyskyi (Ukrainian: Ігор Валерійович Коломойський, romanized: Ihor Valereriyovych Kolomoyskyi; Hebrew: איגור קולומויסקי; born 13 February 1963) is an Israeli-Cypriot billionaire businessman, once considered a leading oligarch in his native Ukraine. In 2020, he was indicted in the United States, on charges related to large-scale bank fraud, and in 2022 was deprived of Ukrainian citizenship by President Zelenskyy. Many of Kolomoyski’s assets, particularly ones that were strategic to the Ukrainian state in light of the 2022 Russian invasion of Ukraine, including his ownership of Ukraine’s largest gasoline companies, were nationalized by the Ukrainian government in November 2022.”
https://en.wikipedia.org/wiki/Ihor_Kolomoyskyi

“Privatbank, In Amended Complaint, Claims Kolomoyskiy, Partner Laundered Nearly $800 Million” July 24, 2020 18:35 GMT UPDATED July 25, 2020 03:48 GMT By RFE/RL https://www.rferl.org/a/privatbank-in-amended-complaint-claims-kolomoyskiy-partner-laundered-nearly-800-million/30745765.html

“Ukrainian authorities raid home of billionaire Kolomoiskiy” Wed, February 1, 2023 https://news.yahoo.com/ukrainian-authorities-raid-billionaire-kolomoiskiys-094733321.html

Unofficial translation from the Ukrainian original:

“SBU exposed large-scale embezzlement schemes of 40 billion hryvnias for PJSC “Ukrnafta” and PJSC “Ukrtatnafta” https://ssu.gov.ua/
14:00, February 1, 2023

State security Let’s protect Ukraine together!
The Security Service of Ukraine exposed large-scale embezzlement schemes of 40 billion hryvnias by the former management of PJSC Ukrnafta and PJSC Ukrtatnafta. It was established that illegal mechanisms were combined with tax evasion and legalization of funds obtained through criminal means.

We will remind that PJSC “Ukrnafta” is the largest oil producing company of Ukraine, and PJSC “Ukrtatnafta” is an oil refinery.

Currently, 10 episodes of criminal activity are being documented as part of criminal proceedings. In particular, this is the transfer of large batches of oil products to affiliated companies, tax evasion by them, the creation of bad debts of oil refineries and oil production plants, which led to the depreciation and reduction of the value of their assets.

According to the investigation, such criminal activity was carried out in the interests of the actual owners and beneficiaries of the companies.

As part of the investigation, the SBU together with the Bureau of Economic Security conducted a series of searches. They were carried out at the place of residence of the actual owners and top management of the financial and industrial group, which includes these companies, as well as at the addresses of probable storage of oil products in different regions of Ukraine.

According to the results of the investigative actions of the top management of Ukrtatnafta PJSC, suspicions of criminal offenses have been announced.

We will remind you that in November 2022, SBU employees took preventive measures to prevent destabilization of the largest oil refinery and oil production company of Ukraine, as well as to ensure their transfer to state ownership in working condition.

This was done after a meeting of the Staff of the Supreme Commander-in-Chief, after which the National Commission for Securities and the Stock Market made a decision to ensure the forced alienation of shares issued by PJSC Ukrnafta and PJSC Ukrtatnafta into state ownership.

Employees of the SBU and BEB checked information about multi-million dollar evasion by the company’s management from paying the mandatory excise tax for 2022.“ https://ssu.gov.ua/novyny/sbu-vykryla-masshtabni-skhemy-pryvlasnennia-40-mlrd-hryven-na-pat-ukrnafta-ta-pat-ukrtatnafta

Update- Official translation finally posted: https://ssu.gov.ua/en/novyny/sbu-vykryla-masshtabni-skhemy-pryvlasnennia-40-mlrd-hryven-na-pat-ukrnafta-ta-pat-ukrtatnafta
“SSU exposes schemes of misappropriation of UAH 40 bln at PJSC Ukrnafta and PJSC Ukrtatnafta
14:00, 1 February 2023
* State security
* Protecting Ukraine together
The SSU has exposed large-scale schemes of misappropriating UAH 40 billion (USD 988 mln) by the former management of PJSC Ukrnafta and PJSC Ukrtatnafta. The investigation established that, apart from misappropriation, the companies had been engaged in tax evasion and money laundering.

PJSC Ukrnafta is the largest oil producer in Ukraine, while PJSC Ukrtatnafta is the largest oil refinery in the country.

Currently, 10 episodes of criminal activity are being documented within the criminal proceedings. These include diversion of large batches of petroleum products to affiliated companies, tax evasion, creation of bad debts of the oil refinery and oil production plants, which led to depreciation and reduction of their assets’ value.

According to the investigation, such criminal activity was carried out in the interests of actual owners and beneficiaries of the companies.

As part of the investigation, the SSU, together with the Bureau of Economic Security, carried out a series of searches. They were conducted at the homes of actual owners and top management of the financial and industrial group and at the addresses of supposed storage of oil products in several regions of Ukraine.

Based on the results of the investigative activities, the PJSC Ukrtatnafta’s top management were served notices of suspicion of committing criminal offences.

In November 2022, the SSU took steps to prevent destabilization of the largest oil refinery and oil production companies, as well as to ensure their transfer to state ownership in working condition.

This was done after a meeting of the Supreme Commander-in-Chief’s Staff, following which the National Securities and Stock Market Commission decided to expropriate shares issued by Ukrnafta and Ukrtatnafta into state ownership.

The SSU and the Bureau of Economic Security were checking information on multimillion-dollar evasion from paying the mandatory excise duty for 2022 by the company’s management. https://ssu.gov.ua/en/novyny/sbu-vykryla-masshtabni-skhemy-pryvlasnennia-40-mlrd-hryven-na-pat-ukrnafta-ta-pat-ukrtatnafta