.President Vladimir Putin authorized a mandate Tuesday momentarily turning over management of a significant junk food maker to the Russian authorities.In April 2023, Putin accredited the federal government to seize the Russia-based assets of foreign firms coming from countries the Kremlin consider as "antagonistic," an action largely considered retribution to the West freezing around $300 billion in Russian condition resources.Putin's most up-to-date mandate orders the confiscation of the Glavproduct storing firm, numerous of its subsidiaries and also 3 processing plants. The authorities will definitely also take management of Glavproduct's parent company Promselkhozinvest, which is actually owned by the U.S.-registered Universal Refreshment Firm.Universal Beverage is had through Russian-born U.S. businessman Leonid Smirnov, that migrated from the Soviet Union in the 1970s as well as went back to Russia in the 1990s, according to the Kommersant service daily.The paper illustrated Glavproduct as Russia's leading junk food developer, with much more than five hundred labels of canned pork, short dairy and tinned fish and vegetables.Short-term government command of the taken possession of resources are going to be actually overseen through Russia's Federal Organization for Condition Property Control, Rosimushchestvo, according to Putin's decree.The United States and European Union blocked or even took much more than $350 billion of state as well as private properties as portion of Western nods over Russia's 2022 invasion of Ukraine. EU member conditions agreed in May to use billions of europeans in make money from the frozen properties to help upper arm Ukraine as well as cash its own post-war renovation.