.Head of state Vladimir Putin signed a decree Tuesday momentarily entrusting control of a primary junk food maker to the Russian federal government.In April 2023, Putin authorized the authorities to seize the Russia-based properties of international business from countries the Kremlin deem "antagonistic," a technique commonly viewed as retribution to the West cold around $300 billion in Russian condition properties.Putin's latest decree instructions the seizure of the Glavproduct holding company, numerous of its own subsidiaries and 3 canning vegetations. The government is going to additionally take control of Glavproduct's parent business Promselkhozinvest, which is owned by the U.S.-registered Universal Beverage Provider.Universal Drink is actually possessed through Russian-born USA entrepreneur Leonid Smirnov, who migrated from the Soviet Union in the 1970s and also went back to Russia in the 1990s, according to the Kommersant organization daily.The newspaper illustrated Glavproduct as Russia's leading junk food manufacturer, with greater than 500 brand names of prerecorded chicken, condensed dairy and also tinned fish and also vegetables.Temporary federal government management of the confiscated assets are going to be looked after by Russia's Federal Company for State Home Control, Rosimushchestvo, depending on to Putin's decree.The United States and European Union blocked out or even took more than $350 billion of condition as well as individual properties as component of Western nods over Russia's 2022 infiltration of Ukraine. EU participant conditions agreed in May to use billions of euros in monetize the frozen possessions to assist arm Ukraine as well as fund its own post-war reconstruction.