.President Vladimir Putin authorized a mandate Tuesday temporarily handing over command of a major canned food creator to the Russian authorities.In April 2023, Putin licensed the authorities to take possession of the Russia-based properties of foreign companies coming from nations the Kremlin views as "unfriendly," a step largely viewed as retaliation to the West cold around $300 billion in Russian state properties.Putin's most current decree commands the confiscation of the Glavproduct storing company, several of its subsidiaries and also three processing plants. The authorities will definitely also take command of Glavproduct's parent company Promselkhozinvest, which is had by the U.S.-registered Universal Drink Provider.Universal Beverage is actually had by Russian-born united state business owner Leonid Smirnov, who migrated from the Soviet Union in the 1970s and also went back to Russia in the 1990s, according to the Kommersant company daily.The paper defined Glavproduct as Russia's leading canned food manufacturer, along with more than five hundred companies of prerecorded meat product, condensed milk and canned fish as well as veggies.Short-lived government control of the taken possession of possessions will definitely be actually overseen by Russia's Federal Company for State Home Management, Rosimushchestvo, depending on to Putin's decree.The United States and European Union obstructed or confiscated much more than $350 billion of condition and also private assets as aspect of Western side sanctions over Russia's 2022 intrusion of Ukraine. EU member states acknowledged in May to use billions of europeans in make money from the frozen assets to help upper arm Ukraine and also money its own post-war renovation.