.Head of state Vladimir Putin authorized a decree Tuesday temporarily surrendering control of a significant junk food producer to the Russian government.In April 2023, Putin licensed the government to take the Russia-based possessions of overseas companies from countries the Kremlin views as "unfriendly," an action extensively viewed as retribution to the West icy around $300 billion in Russian state resources.Putin's latest mandate orders the seizure of the Glavproduct keeping firm, many of its subsidiaries and also 3 canning vegetations. The government is going to additionally take control of Glavproduct's parent firm Promselkhozinvest, which is had by the U.S.-registered Universal Drink Provider.Universal Refreshment is had by Russian-born U.S. business owner Leonid Smirnov, who emigrated from the Soviet Union in the 1970s and returned to Russia in the 1990s, according to the Kommersant business daily.The newspaper defined Glavproduct as Russia's leading junk food manufacturer, with much more than five hundred brand names of prerecorded meat, concise milk and also canned fish and also vegetables.Short-term federal government control of the taken possessions will be actually managed through Russia's Federal Company for Condition Residential Or Commercial Property Management, Rosimushchestvo, depending on to Putin's mandate.The USA as well as European Union obstructed or even confiscated greater than $350 billion of state and private assets as part of Western side assents over Russia's 2022 infiltration of Ukraine. EU member states concurred in May to use billions of europeans in benefit from the icy properties to assist arm Ukraine as well as money its own post-war restoration.