.Head of state Vladimir Putin authorized a decree Tuesday momentarily surrendering control of a significant canned food producer to the Russian federal government.In April 2023, Putin licensed the federal government to take possession of the Russia-based resources of international companies coming from nations the Kremlin consider as "antagonistic," a move commonly seen as retribution to the West cold around $300 billion in Russian condition resources.Putin's latest mandate orders the confiscation of the Glavproduct storing business, numerous of its own subsidiaries and also 3 processing plants. The authorities will additionally take command of Glavproduct's moms and dad provider Promselkhozinvest, which is actually owned by the U.S.-registered Universal Refreshment Firm.Universal Drink is actually had by Russian-born united state businessman Leonid Smirnov, who moved abroad coming from the Soviet Union in the 1970s as well as returned to Russia in the 1990s, according to the Kommersant business daily.The paper defined Glavproduct as Russia's leading junk food developer, with much more than 500 companies of prerecorded pork, compressed milk and also tinned fish and veggies.Momentary government command of the taken possession of assets will definitely be actually looked after through Russia's Federal Firm for State Home Monitoring, Rosimushchestvo, depending on to Putin's mandate.The USA and also European Union shut out or took possession of much more than $350 billion of condition as well as private assets as component of Western assents over Russia's 2022 attack of Ukraine. EU participant conditions agreed in May to make use of billions of europeans in profits from the frosted possessions to aid upper arm Ukraine and cash its own post-war repair.