Instant Pot Borscht

Ingredients

• 1 tablespoon olive oil
• 1-1/2 pounds stewing beef chunks
• 2.5-3 quarts water
• 1 tablespoon dried dill
• 1/2 teaspoon freshly ground black pepper
• 1 teaspoon dried basil
• 1-2 large beets
• 2 bay leaves
• 2 medium carrots
• 1 tablespoon salt
• 3 medium potatoes
• 1/2 head white or purple cabbage
• 1 teaspoon dried parsley
• 1 large onion
• 1 medium tomatoes