.President Vladimir Putin authorized a decree Tuesday briefly handing over control of a primary junk food producer to the Russian authorities.In April 2023, Putin accredited the government to confiscate the Russia-based resources of international firms coming from nations the Kremlin views as "hostile," a technique extensively viewed as revenge to the West freezing around $300 billion in Russian state possessions.Putin's most current mandate orders the confiscation of the Glavproduct holding business, several of its own subsidiaries as well as three canning vegetations. The government is going to likewise take command of Glavproduct's parent provider Promselkhozinvest, which is owned by the U.S.-registered Universal Drink Firm.Universal Drink is owned by Russian-born USA businessman Leonid Smirnov, that migrated from the Soviet Union in the 1970s and also went back to Russia in the 1990s, according to the Kommersant service daily.The newspaper defined Glavproduct as Russia's leading junk food manufacturer, with more than five hundred brand names of canned chicken, concise milk and also tinned fish and also vegetables.Momentary authorities command of the taken possession of assets will certainly be managed through Russia's Federal Agency for State Residential Or Commercial Property Management, Rosimushchestvo, depending on to Putin's mandate.The United States and European Union blocked out or took more than $350 billion of condition as well as personal possessions as portion of Western permissions over Russia's 2022 invasion of Ukraine. EU participant states conceded in May to make use of billions of euros in benefit from the icy properties to help arm Ukraine as well as fund its own post-war restoration.