.Head of state Vladimir Putin authorized a decree Tuesday momentarily turning over control of a primary canned food creator to the Russian federal government.In April 2023, Putin licensed the federal government to take possession of the Russia-based possessions of overseas providers coming from nations the Kremlin views as "unfriendly," an action widely seen as retaliation to the West freezing around $300 billion in Russian condition assets.Putin's most recent mandate orders the confiscation of the Glavproduct holding business, several of its subsidiaries and 3 canning vegetations. The authorities will certainly additionally take control of Glavproduct's parent provider Promselkhozinvest, which is actually had by the U.S.-registered Universal Drink Company.Universal Refreshment is actually owned through Russian-born united state business person Leonid Smirnov, who migrated from the Soviet Union in the 1970s and went back to Russia in the 1990s, according to the Kommersant company daily.The paper described Glavproduct as Russia's leading canned food developer, with much more than five hundred companies of prerecorded pork, condensed dairy and also tinned fish as well as vegetables.Temporary government command of the taken possession of properties are going to be actually managed through Russia's Federal Company for State Residential Property Monitoring, Rosimushchestvo, depending on to Putin's decree.The USA and also European Union blocked or took possession of greater than $350 billion of condition and also individual properties as portion of Western side assents over Russia's 2022 attack of Ukraine. EU participant conditions acknowledged in May to utilize billions of euros in monetize the frosted resources to aid arm Ukraine and money its post-war renovation.