The artwork, depicting a woman in a gas mask and a dressing gown holding a fire extinguisher, was taken off a wall in the town of Hostomel on Dec. 2, according to officials.
The ministry announced on its website that the man it believes orchestrated the operation had been handed a “suspicion notice”.
The artwork by the renowned British artist had been valued at over 9 million hryvnia ($243,900), the ministry statement said.
“The criminals tried to transport this graffiti with the help of wooden boards and polyethylene,” it said.
“Thanks to the concern of citizens, the police and other security forces managed to arrest the criminals.”
The mural was retrieved.
Banksy confirmed he had painted the mural and six others in places that were hit by heavy fighting after Russia invaded Ukraine in late February.
