.President Vladimir Putin authorized a decree Tuesday momentarily turning over management of a primary junk food creator to the Russian federal government.In April 2023, Putin licensed the government to confiscate the Russia-based possessions of international providers coming from nations the Kremlin views as "antagonistic," an action largely viewed as retaliation to the West icy around $300 billion in Russian state resources.Putin's latest mandate orders the seizure of the Glavproduct holding provider, several of its own subsidiaries and also 3 canning plants. The authorities will certainly likewise take management of Glavproduct's parent company Promselkhozinvest, which is actually possessed due to the U.S.-registered Universal Refreshment Provider.Universal Refreshment is possessed through Russian-born USA business owner Leonid Smirnov, who moved abroad coming from the Soviet Union in the 1970s as well as went back to Russia in the 1990s, depending on to the Kommersant business daily.The newspaper illustrated Glavproduct as Russia's leading canned food developer, with greater than 500 brands of canned meat, condensed milk and also tinned fish and also veggies.Temporary government management of the taken possession of possessions will certainly be actually looked after by Russia's Federal Agency for Condition Property Administration, Rosimushchestvo, according to Putin's decree.The USA as well as European Union obstructed or took much more than $350 billion of state as well as personal assets as aspect of Western sanctions over Russia's 2022 intrusion of Ukraine. EU participant conditions conceded in May to use billions of europeans in profits from the frozen possessions to assist arm Ukraine and also cash its post-war repair.