.President Vladimir Putin signed a decree Tuesday momentarily giving up command of a major junk food manufacturer to the Russian government.In April 2023, Putin licensed the authorities to confiscate the Russia-based properties of overseas business coming from countries the Kremlin views as "unfriendly," a relocation extensively considered retaliation to the West icy around $300 billion in Russian state properties.Putin's most current decree orders the confiscation of the Glavproduct keeping business, numerous of its own subsidiaries and also three canning plants. The government will certainly also take management of Glavproduct's moms and dad business Promselkhozinvest, which is possessed by the U.S.-registered Universal Refreshment Firm.Universal Refreshment is actually owned by Russian-born united state entrepreneur Leonid Smirnov, who migrated coming from the Soviet Union in the 1970s as well as went back to Russia in the 1990s, according to the Kommersant organization daily.The paper described Glavproduct as Russia's leading junk food producer, along with greater than five hundred companies of canned chicken, concise milk as well as canned fish and also veggies.Momentary authorities control of the taken properties are going to be actually overseen through Russia's Federal Firm for Condition Home Administration, Rosimushchestvo, according to Putin's mandate.The United States and also European Union blocked or even took greater than $350 billion of condition and also individual resources as component of Western nods over Russia's 2022 intrusion of Ukraine. EU participant conditions conceded in May to use billions of europeans in monetize the frozen possessions to assist arm Ukraine as well as fund its post-war renovation.