.President Vladimir Putin authorized a decree Tuesday briefly giving up command of a major junk food producer to the Russian government.In April 2023, Putin authorized the federal government to take possession of the Russia-based assets of international providers coming from nations the Kremlin views as "unfriendly," a technique largely considered revenge to the West icy around $300 billion in Russian state possessions.Putin's most recent decree instructions the seizure of the Glavproduct storing company, many of its own subsidiaries and 3 canning vegetations. The authorities will definitely additionally take management of Glavproduct's moms and dad firm Promselkhozinvest, which is actually possessed due to the U.S.-registered Universal Refreshment Business.Universal Beverage is actually owned through Russian-born united state entrepreneur Leonid Smirnov, that migrated from the Soviet Union in the 1970s as well as came back to Russia in the 1990s, according to the Kommersant organization daily.The paper defined Glavproduct as Russia's leading canned food producer, along with more than five hundred companies of prerecorded chicken, short milk and also tinned fish and also veggies.Brief government command of the confiscated properties will be overseen through Russia's Federal Organization for State Property Control, Rosimushchestvo, depending on to Putin's decree.The USA and European Union shut out or even confiscated more than $350 billion of state and also personal properties as part of Western side nods over Russia's 2022 invasion of Ukraine. EU member conditions concurred in May to make use of billions of europeans in benefit from the frosted resources to assist arm Ukraine as well as fund its own post-war reconstruction.