.President Vladimir Putin signed a mandate Tuesday briefly surrendering control of a significant junk food maker to the Russian authorities.In April 2023, Putin licensed the authorities to seize the Russia-based assets of foreign firms coming from nations the Kremlin consider as "unfriendly," an action commonly viewed as retribution to the West freezing around $300 billion in Russian condition resources.Putin's latest mandate instructions the seizure of the Glavproduct keeping company, many of its subsidiaries and 3 canning vegetations. The government is going to also take command of Glavproduct's parent company Promselkhozinvest, which is actually had by the U.S.-registered Universal Refreshment Firm.Universal Beverage is actually possessed by Russian-born U.S. business person Leonid Smirnov, who migrated from the Soviet Union in the 1970s as well as returned to Russia in the 1990s, according to the Kommersant business daily.The newspaper explained Glavproduct as Russia's leading junk food manufacturer, with much more than five hundred labels of canned chicken, compressed dairy and tinned fish and also vegetables.Temporary government control of the seized properties will certainly be supervised through Russia's Federal Agency for State Residential Or Commercial Property Monitoring, Rosimushchestvo, depending on to Putin's decree.The USA as well as European Union shut out or even confiscated more than $350 billion of state and also individual properties as aspect of Western side assents over Russia's 2022 invasion of Ukraine. EU member conditions acknowledged in May to use billions of europeans in monetize the frozen properties to aid arm Ukraine as well as cash its post-war repair.