In a large pot add 1 tbsp of olive oil over medium heat and sauté shredded beets with lemon juice for about 3-5 minutes. (Start with 1 tbsp of lemon juice and add more to the soup if needed).
Add another tbsp of olive oil along with 1 tbsp of butter to the pot.
Add shredded carrot and diced onion to the pot. Sauté for about 3 minutes until soft. Season with salt and pepper, to taste.
Add 2 tbsp of tomato paste to the mixture and sauté for 1-2 minutes.
Add water to the pot and bring to a boil.
Once the water is boiling, partially cover and reduce heat to medium low. Simmer for about 1 hour until flavors develop.
Once the soup is almost done (with 10-15 minutes remaining) add the fresh, chopped dill.
Serve on it's own or with a dollop of sour cream.
Enjoy!