.President Vladimir Putin signed a mandate Tuesday temporarily giving up management of a significant junk food manufacturer to the Russian federal government.In April 2023, Putin licensed the authorities to seize the Russia-based properties of overseas firms coming from countries the Kremlin views as "antagonistic," a move widely considered retaliation to the West icy around $300 billion in Russian state resources.Putin's most current mandate orders the confiscation of the Glavproduct holding company, many of its subsidiaries and also three processing plants. The government will certainly also take management of Glavproduct's parent firm Promselkhozinvest, which is actually had due to the U.S.-registered Universal Refreshment Company.Universal Drink is actually possessed through Russian-born united state business owner Leonid Smirnov, who departed coming from the Soviet Union in the 1970s and also came back to Russia in the 1990s, depending on to the Kommersant service daily.The paper explained Glavproduct as Russia's leading canned food producer, with more than five hundred brands of prerecorded chicken, concise milk and also tinned fish and also vegetables.Short-lived federal government command of the taken assets will certainly be actually overseen by Russia's Federal Organization for Condition Home Monitoring, Rosimushchestvo, according to Putin's decree.The United States as well as European Union blocked or even took possession of more than $350 billion of state and individual resources as portion of Western side nods over Russia's 2022 attack of Ukraine. EU member conditions conceded in May to make use of billions of europeans in monetize the frozen resources to aid arm Ukraine and money its own post-war renovation.