.President Vladimir Putin authorized a mandate Tuesday temporarily handing over control of a major junk food producer to the Russian federal government.In April 2023, Putin licensed the federal government to take the Russia-based possessions of foreign business from countries the Kremlin consider as "unfriendly," a move commonly seen as retribution to the West cold around $300 billion in Russian condition assets.Putin's latest mandate instructions the confiscation of the Glavproduct storing provider, many of its own subsidiaries and 3 processing plants. The authorities will definitely additionally take management of Glavproduct's parent business Promselkhozinvest, which is possessed by the U.S.-registered Universal Beverage Provider.Universal Refreshment is owned through Russian-born USA business person Leonid Smirnov, who moved abroad coming from the Soviet Union in the 1970s as well as returned to Russia in the 1990s, depending on to the Kommersant service daily.The paper explained Glavproduct as Russia's leading canned food manufacturer, with greater than five hundred brand names of canned pork, short milk and also canned fish and also vegetables.Short-lived federal government command of the taken possession of possessions will definitely be supervised through Russia's Federal Firm for Condition Home Administration, Rosimushchestvo, depending on to Putin's decree.The United States as well as European Union blocked out or even took much more than $350 billion of condition and individual resources as part of Western sanctions over Russia's 2022 attack of Ukraine. EU member conditions agreed in May to use billions of europeans in make money from the icy assets to assist upper arm Ukraine and also cash its own post-war restoration.