.President Vladimir Putin authorized a decree Tuesday momentarily turning over control of a primary canned food creator to the Russian authorities.In April 2023, Putin licensed the authorities to seize the Russia-based assets of overseas business from nations the Kremlin views as "antagonistic," an action commonly seen as retribution to the West freezing around $300 billion in Russian state assets.Putin's latest mandate commands the seizure of the Glavproduct holding business, numerous of its own subsidiaries and also three processing plants. The federal government is going to likewise take management of Glavproduct's parent company Promselkhozinvest, which is owned due to the U.S.-registered Universal Drink Firm.Universal Beverage is had through Russian-born U.S. business person Leonid Smirnov, who emigrated from the Soviet Union in the 1970s and also went back to Russia in the 1990s, according to the Kommersant organization daily.The paper described Glavproduct as Russia's leading canned food producer, with much more than five hundred companies of canned meat, compressed dairy and also canned fish as well as vegetables.Brief federal government command of the seized resources will certainly be actually overseen through Russia's Federal Organization for Condition Home Monitoring, Rosimushchestvo, according to Putin's decree.The USA and European Union blocked or even took possession of much more than $350 billion of condition as well as individual properties as component of Western side sanctions over Russia's 2022 invasion of Ukraine. EU member conditions agreed in May to use billions of europeans in benefit from the frozen assets to aid upper arm Ukraine and also money its own post-war restoration.