.President Vladimir Putin signed a mandate Tuesday temporarily handing over management of a primary junk food creator to the Russian authorities.In April 2023, Putin authorized the authorities to take possession of the Russia-based resources of overseas companies from nations the Kremlin consider as "hostile," a move commonly viewed as revenge to the West icy around $300 billion in Russian state possessions.Putin's most current mandate orders the seizure of the Glavproduct holding firm, several of its subsidiaries and also 3 canning vegetations. The federal government is going to likewise take command of Glavproduct's moms and dad provider Promselkhozinvest, which is actually had due to the U.S.-registered Universal Beverage Firm.Universal Drink is actually possessed by Russian-born U.S. business person Leonid Smirnov, who emigrated coming from the Soviet Union in the 1970s and also returned to Russia in the 1990s, according to the Kommersant service daily.The newspaper described Glavproduct as Russia's leading junk food developer, along with more than five hundred brands of prerecorded meat, short milk as well as tinned fish as well as vegetables.Short-lived government command of the seized resources will certainly be overseen by Russia's Federal Firm for State Residential Or Commercial Property Administration, Rosimushchestvo, according to Putin's mandate.The United States as well as European Union obstructed or took greater than $350 billion of condition and also personal assets as component of Western side assents over Russia's 2022 infiltration of Ukraine. EU participant states conceded in May to utilize billions of euros in monetize the frozen properties to aid upper arm Ukraine as well as finance its own post-war repair.