.Head of state Vladimir Putin authorized a decree Tuesday temporarily surrendering management of a primary canned food producer to the Russian government.In April 2023, Putin accredited the government to confiscate the Russia-based resources of international companies from countries the Kremlin views as "hostile," a step extensively viewed as revenge to the West icy around $300 billion in Russian condition assets.Putin's latest mandate orders the seizure of the Glavproduct keeping business, several of its subsidiaries and also three processing plants. The federal government will definitely also take command of Glavproduct's parent provider Promselkhozinvest, which is actually possessed due to the U.S.-registered Universal Refreshment Firm.Universal Beverage is actually owned through Russian-born USA business owner Leonid Smirnov, that moved abroad from the Soviet Union in the 1970s as well as went back to Russia in the 1990s, according to the Kommersant business daily.The newspaper explained Glavproduct as Russia's leading junk food manufacturer, with greater than 500 brand names of canned meat product, compressed dairy and also tinned fish and also vegetables.Short-lived authorities control of the taken possession of resources will definitely be overseen by Russia's Federal Organization for State Residential Property Administration, Rosimushchestvo, according to Putin's mandate.The USA and European Union blocked out or took possession of greater than $350 billion of condition and private assets as portion of Western side nods over Russia's 2022 intrusion of Ukraine. EU participant conditions acknowledged in May to make use of billions of euros in benefit from the icy assets to help upper arm Ukraine as well as finance its own post-war renovation.