.President Vladimir Putin signed a decree Tuesday momentarily entrusting control of a primary junk food creator to the Russian authorities.In April 2023, Putin licensed the federal government to take possession of the Russia-based possessions of international firms from countries the Kremlin deem "antagonistic," a step widely viewed as retaliation to the West cold around $300 billion in Russian condition properties.Putin's newest mandate orders the seizure of the Glavproduct holding company, numerous of its subsidiaries and also three processing vegetations. The government will definitely also take command of Glavproduct's moms and dad provider Promselkhozinvest, which is actually owned due to the U.S.-registered Universal Refreshment Business.Universal Beverage is actually owned through Russian-born USA business person Leonid Smirnov, who moved abroad from the Soviet Union in the 1970s and also returned to Russia in the 1990s, according to the Kommersant service daily.The newspaper illustrated Glavproduct as Russia's leading canned food producer, with much more than 500 brands of canned pork, condensed dairy and canned fish as well as veggies.Brief federal government command of the seized assets are going to be supervised through Russia's Federal Firm for State Home Management, Rosimushchestvo, according to Putin's mandate.The USA and European Union blocked or even confiscated greater than $350 billion of state and also private possessions as part of Western permissions over Russia's 2022 attack of Ukraine. EU participant states agreed in May to utilize billions of europeans in monetize the frosted properties to aid arm Ukraine and money its post-war reconstruction.