.President Vladimir Putin signed a mandate Tuesday briefly surrendering command of a significant canned food creator to the Russian government.In April 2023, Putin licensed the government to confiscate the Russia-based assets of overseas providers from countries the Kremlin views as "antagonistic," a technique widely considered retaliation to the West freezing around $300 billion in Russian state properties.Putin's most recent decree commands the confiscation of the Glavproduct holding firm, several of its subsidiaries as well as three processing vegetations. The government will definitely additionally take command of Glavproduct's parent firm Promselkhozinvest, which is owned by the U.S.-registered Universal Beverage Provider.Universal Drink is owned through Russian-born USA business owner Leonid Smirnov, who departed from the Soviet Union in the 1970s and came back to Russia in the 1990s, depending on to the Kommersant organization daily.The paper described Glavproduct as Russia's leading canned food producer, with much more than five hundred labels of canned meat, concise milk and also canned fish as well as vegetables.Momentary authorities management of the taken resources will be managed by Russia's Federal Agency for State Building Administration, Rosimushchestvo, according to Putin's decree.The United States and also European Union shut out or confiscated more than $350 billion of condition and also individual resources as part of Western side assents over Russia's 2022 intrusion of Ukraine. EU participant conditions agreed in May to make use of billions of europeans in benefit from the frozen properties to help upper arm Ukraine as well as finance its own post-war repair.