.Head of state Vladimir Putin signed a decree Tuesday temporarily turning over command of a major canned food creator to the Russian authorities.In April 2023, Putin authorized the federal government to take possession of the Russia-based assets of foreign firms from countries the Kremlin views as "unfriendly," a technique widely viewed as retribution to the West cold around $300 billion in Russian condition assets.Putin's most recent decree commands the confiscation of the Glavproduct keeping company, several of its subsidiaries and also 3 processing vegetations. The federal government will also take management of Glavproduct's moms and dad firm Promselkhozinvest, which is actually owned by the U.S.-registered Universal Drink Company.Universal Beverage is actually owned by Russian-born U.S. entrepreneur Leonid Smirnov, who departed from the Soviet Union in the 1970s as well as returned to Russia in the 1990s, according to the Kommersant service daily.The paper defined Glavproduct as Russia's leading junk food developer, along with greater than five hundred labels of canned pork, condensed dairy as well as canned fish as well as veggies.Momentary government command of the taken possession of assets will be looked after by Russia's Federal Company for Condition Home Management, Rosimushchestvo, depending on to Putin's decree.The United States and also European Union obstructed or even took possession of much more than $350 billion of state and individual possessions as part of Western side assents over Russia's 2022 infiltration of Ukraine. EU member conditions conceded in May to utilize billions of euros in make money from the frozen possessions to aid arm Ukraine as well as money its post-war reconstruction.