.President Vladimir Putin authorized a mandate Tuesday briefly handing over control of a major junk food creator to the Russian government.In April 2023, Putin authorized the government to take possession of the Russia-based assets of international firms coming from nations the Kremlin deem "hostile," a relocation largely seen as revenge to the West icy around $300 billion in Russian state resources.Putin's latest decree instructions the confiscation of the Glavproduct holding company, numerous of its subsidiaries as well as three canning vegetations. The government will also take management of Glavproduct's parent business Promselkhozinvest, which is actually possessed due to the U.S.-registered Universal Beverage Company.Universal Beverage is actually owned by Russian-born U.S. business owner Leonid Smirnov, who moved abroad coming from the Soviet Union in the 1970s and came back to Russia in the 1990s, depending on to the Kommersant organization daily.The paper illustrated Glavproduct as Russia's leading canned food developer, along with greater than five hundred brands of canned pork, condensed milk and also tinned fish and also vegetables.Brief government command of the taken resources will be actually looked after through Russia's Federal Company for State Residential Property Management, Rosimushchestvo, according to Putin's decree.The USA and European Union blocked out or even took possession of greater than $350 billion of condition as well as individual possessions as portion of Western side nods over Russia's 2022 attack of Ukraine. EU participant states conceded in May to utilize billions of europeans in make money from the frosted assets to help upper arm Ukraine as well as cash its post-war repair.