.Head of state Vladimir Putin authorized a decree Tuesday briefly entrusting control of a primary canned food producer to the Russian government.In April 2023, Putin licensed the federal government to confiscate the Russia-based assets of international providers coming from countries the Kremlin consider as "antagonistic," a technique largely seen as revenge to the West freezing around $300 billion in Russian condition properties.Putin's most recent mandate instructions the seizure of the Glavproduct keeping firm, many of its subsidiaries as well as 3 processing plants. The authorities is going to also take command of Glavproduct's moms and dad company Promselkhozinvest, which is actually owned due to the U.S.-registered Universal Refreshment Company.Universal Refreshment is owned by Russian-born U.S. business owner Leonid Smirnov, who migrated coming from the Soviet Union in the 1970s and also went back to Russia in the 1990s, depending on to the Kommersant company daily.The paper illustrated Glavproduct as Russia's leading junk food manufacturer, with greater than five hundred labels of prerecorded chicken, short dairy as well as canned fish and also vegetables.Short-term federal government command of the confiscated assets will certainly be overseen through Russia's Federal Company for State Property Management, Rosimushchestvo, according to Putin's decree.The United States as well as European Union obstructed or took possession of more than $350 billion of condition as well as private resources as part of Western side assents over Russia's 2022 invasion of Ukraine. EU member conditions concurred in May to make use of billions of euros in benefit from the frozen possessions to help upper arm Ukraine and fund its post-war restoration.